BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 11.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863,478 shares of the oil and gas company’s stock after purchasing an additional 86,364 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Schlumberger were worth $60,236,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its position in Schlumberger by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 8 shares during the last quarter. Frontier Wealth Management LLC boosted its position in Schlumberger by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after buying an additional 35 shares during the last quarter. Glassman Wealth Services boosted its position in Schlumberger by 0.8% in the 2nd quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after buying an additional 44 shares during the last quarter. Fernwood Investment Management LLC boosted its position in Schlumberger by 1.2% in the 2nd quarter. Fernwood Investment Management LLC now owns 4,125 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 50 shares during the last quarter. Finally, Choate Investment Advisors boosted its position in Schlumberger by 0.4% in the 2nd quarter. Choate Investment Advisors now owns 14,516 shares of the oil and gas company’s stock valued at $956,000 after buying an additional 60 shares during the last quarter. 79.18% of the stock is owned by hedge funds and other institutional investors.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

A number of brokerages have commented on SLB. SunTrust Banks increased their price objective on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Barclays set a $75.00 price objective on Schlumberger and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, Loop Capital reiterated a “buy” rating and issued a $82.00 price objective (up from $77.00) on shares of Schlumberger in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.29.

Schlumberger Limited. (NYSE:SLB) opened at $66.84 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market capitalization of $92,590.00, a PE ratio of -61.32, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $82.69.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. equities analysts predict that Schlumberger Limited. will post 2.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 2.99%. Schlumberger’s dividend payout ratio is presently -183.49%.

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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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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