Whitener Capital Management Inc. acquired a new position in shares of Schlumberger Limited. (NYSE:SLB) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,250 shares of the oil and gas company’s stock, valued at approximately $137,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Schlumberger by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 29,461,493 shares of the oil and gas company’s stock valued at $1,974,805,000 after purchasing an additional 2,188,823 shares during the last quarter. American Century Companies Inc. boosted its position in Schlumberger by 20.1% during the third quarter. American Century Companies Inc. now owns 10,218,188 shares of the oil and gas company’s stock valued at $622,492,000 after purchasing an additional 1,707,050 shares during the last quarter. Fisher Asset Management LLC boosted its position in Schlumberger by 6.2% during the third quarter. Fisher Asset Management LLC now owns 6,576,688 shares of the oil and gas company’s stock valued at $400,652,000 after purchasing an additional 385,816 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Schlumberger by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,720,875 shares of the oil and gas company’s stock valued at $383,471,000 after purchasing an additional 164,182 shares during the last quarter. Finally, Swiss National Bank boosted its position in Schlumberger by 2.8% during the second quarter. Swiss National Bank now owns 4,950,935 shares of the oil and gas company’s stock valued at $331,861,000 after purchasing an additional 133,900 shares during the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.

Several research analysts recently commented on the company. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Zacks Investment Research cut Schlumberger from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Credit Suisse Group reduced their price target on Schlumberger from $82.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. UBS Group reduced their price target on Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. Finally, Citigroup reduced their price target on Schlumberger from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Schlumberger currently has an average rating of “Buy” and a consensus price target of $76.94.

SLB opened at $48.08 on Friday. Schlumberger Limited. has a 12-month low of $47.07 and a 12-month high of $80.35. The company has a market capitalization of $65.56 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 4.67 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.38.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.57 billion. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that Schlumberger Limited. will post 1.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, December 5th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.16%. Schlumberger’s payout ratio is 133.33%.

In other news, Director Michael E. Marks bought 8,000 shares of the stock in a transaction dated Thursday, September 6th. The shares were bought at an average price of $60.31 per share, for a total transaction of $482,480.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Simon Ayat sold 60,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the transaction, the chief financial officer now owns 234,008 shares in the company, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

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Schlumberger Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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