KLCM Advisors Inc. Has $478,000 Stake in Schlumberger Limited. (SLB)
KLCM Advisors Inc. maintained its stake in Schlumberger Limited. (NYSE:SLB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,262 shares of the oil and gas company’s stock at the end of the 2nd quarter. KLCM Advisors Inc.’s holdings in Schlumberger were worth $478,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Aviance Capital Management LLC bought a new stake in shares of Schlumberger during the second quarter worth $100,000. Tradewinds Capital Management LLC lifted its position in shares of Schlumberger by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 307 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Schlumberger by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 310 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of Schlumberger by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 79.76% of the company’s stock.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.
Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. research analysts predict that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.11%. Schlumberger’s dividend payout ratio (DPR) is presently 512.83%.
Several research firms have recently weighed in on SLB. Goldman Sachs Group downgraded Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price for the company. in a research report on Monday, November 13th. Zacks Investment Research upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley reiterated a “buy” rating on shares of Schlumberger in a research report on Friday, November 3rd. SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Finally, Loop Capital decreased their target price on Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $79.31.
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Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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