Robinson Value Management Ltd. Invests $2.59 Million in Schlumberger Limited (NYSE:SLB)

Robinson Value Management Ltd. bought a new position in Schlumberger Limited (NYSE:SLB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,730 shares of the oil and gas company’s stock, valued at approximately $2,590,000. Schlumberger makes up about 1.7% of Robinson Value Management Ltd.’s holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its position in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares during the period. Register Financial Advisors LLC bought a new position in Schlumberger during the first quarter valued at approximately $27,000. Bruce G. Allen Investments LLC lifted its position in Schlumberger by 204.2% during the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 392 shares during the period. Unique Wealth Strategies LLC bought a new position in Schlumberger during the second quarter valued at approximately $30,000. Finally, Manchester Capital Management LLC lifted its position in Schlumberger by 297.9% during the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 426 shares during the period. Institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $0.87 during midday trading on Monday, reaching $42.79. 5,756,428 shares of the company were exchanged, compared to its average volume of 11,061,965. The company has a current ratio of 1.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The business’s fifty day moving average is $43.10 and its two-hundred day moving average is $45.95. Schlumberger Limited has a one year low of $38.66 and a one year high of $59.05. The stock has a market cap of $61.16 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The firm had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. Schlumberger’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts predict that Schlumberger Limited will post 3.46 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.57%. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SLB. BMO Capital Markets reduced their target price on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 target price (down from $62.00) on shares of Schlumberger in a report on Monday. Dbs Bank began coverage on shares of Schlumberger in a report on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price for the company. Benchmark reaffirmed a “buy” rating and set a $68.00 target price on shares of Schlumberger in a report on Monday, July 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Schlumberger from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.03.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.