Schlumberger Limited. (SLB) Shares Bought by Meeder Asset Management Inc.
Meeder Asset Management Inc. grew its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 95.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,224 shares of the oil and gas company’s stock after acquiring an additional 12,337 shares during the quarter. Meeder Asset Management Inc.’s holdings in Schlumberger were worth $1,760,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after acquiring an additional 2,790,227 shares during the last quarter. Dodge & Cox raised its holdings in shares of Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after buying an additional 5,494,165 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Schlumberger by 2.9% during the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after buying an additional 536,928 shares in the last quarter. Northern Cross LLC raised its holdings in shares of Schlumberger by 3.8% during the 2nd quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock valued at $1,112,491,000 after buying an additional 620,270 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after buying an additional 1,993,829 shares in the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.
A number of brokerages recently weighed in on SLB. Barclays set a $70.00 price objective on Schlumberger and gave the company a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks reissued a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price objective (down from $86.00) on shares of Schlumberger in a report on Monday, October 16th. Citigroup raised their price objective on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, J P Morgan Chase & Co decreased their price objective on Schlumberger from $79.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger presently has a consensus rating of “Buy” and an average target price of $79.31.
Schlumberger Limited. (SLB) opened at $65.28 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The company has a market capitalization of $90,430.00, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $87.84.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. equities analysts predict that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.
The business also recently declared 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 of this dividend is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. Schlumberger’s dividend payout ratio (DPR) is currently 512.82%.
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.
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.