Schlumberger Limited (NYSE:SLB) Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in Schlumberger Limited (NYSE:SLB) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 637,016 shares of the oil and gas company’s stock after buying an additional 30,761 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Schlumberger were worth $26,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service grew its position in shares of Schlumberger by 10.6% during the 3rd quarter. National Pension Service now owns 2,711,382 shares of the oil and gas company’s stock valued at $113,742,000 after buying an additional 259,302 shares during the last quarter. Intact Investment Management Inc. boosted its position in Schlumberger by 40.7% during the 3rd quarter. Intact Investment Management Inc. now owns 127,500 shares of the oil and gas company’s stock worth $5,349,000 after acquiring an additional 36,890 shares during the period. KG&L Capital Management LLC increased its stake in Schlumberger by 49.4% during the 3rd quarter. KG&L Capital Management LLC now owns 20,379 shares of the oil and gas company’s stock valued at $909,000 after buying an additional 6,735 shares during the period. Forum Financial Management LP increased its stake in shares of Schlumberger by 1.7% during the third quarter. Forum Financial Management LP now owns 19,417 shares of the oil and gas company’s stock valued at $815,000 after acquiring an additional 329 shares during the period. Finally, Nvwm LLC raised its stake in shares of Schlumberger by 4.6% in the 3rd quarter. Nvwm LLC now owns 34,084 shares of the oil and gas company’s stock worth $1,430,000 after buying an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Performance

SLB opened at $40.32 on Tuesday. The stock’s 50 day simple moving average is $42.34 and its 200-day simple moving average is $45.03. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $56.94 billion, a PE ratio of 12.96, a P/E/G ratio of 1.40 and a beta of 1.52. Schlumberger Limited has a 1 year low of $38.66 and a 1 year high of $57.47.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Schlumberger Limited will post 3.4 EPS for the current year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s payout ratio is 35.37%.

Analysts Set New Price Targets

Several analysts recently commented on SLB shares. Barclays cut their target price on shares of Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Morgan Stanley lowered their price objective on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Citigroup decreased their target price on shares of Schlumberger from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.97.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.