Knuff & Co LLC Purchases 940 Shares of Schlumberger Limited (NYSE:SLB)

Knuff & Co LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 10.6% during the third quarter, Holdings Channel.com reports. The firm owned 9,810 shares of the oil and gas company’s stock after purchasing an additional 940 shares during the period. Knuff & Co LLC’s holdings in Schlumberger were worth $412,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pathstone Holdings LLC grew its holdings in shares of Schlumberger by 3.6% during the third quarter. Pathstone Holdings LLC now owns 148,635 shares of the oil and gas company’s stock valued at $6,240,000 after buying an additional 5,105 shares during the last quarter. Islay Capital Management LLC lifted its position in Schlumberger by 4,952.4% in the 3rd quarter. Islay Capital Management LLC now owns 26,525 shares of the oil and gas company’s stock valued at $1,113,000 after acquiring an additional 26,000 shares in the last quarter. Swiss National Bank boosted its stake in Schlumberger by 0.7% during the 3rd quarter. Swiss National Bank now owns 4,242,627 shares of the oil and gas company’s stock valued at $177,978,000 after purchasing an additional 29,200 shares during the last quarter. S&CO Inc. increased its holdings in Schlumberger by 51.7% during the 3rd quarter. S&CO Inc. now owns 6,750 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Schlumberger by 2.1% in the third quarter. Thrivent Financial for Lutherans now owns 225,906 shares of the oil and gas company’s stock worth $9,476,000 after purchasing an additional 4,665 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SLB shares. Evercore ISI decreased their price target on Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Susquehanna lowered their target price on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a report on Monday, October 21st. Barclays cut their price target on shares of Schlumberger from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Citigroup reduced their price objective 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, Morgan Stanley cut their target price on Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.97.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Price Performance

NYSE SLB opened at $43.49 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The company has a market cap of $61.41 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. Schlumberger Limited has a 52 week low of $38.66 and a 52 week high of $55.69. The firm’s 50-day simple moving average is $42.46 and its two-hundred day simple moving average is $44.64.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 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 for the quarter, compared to analysts’ expectations of $9.27 billion. During the same period in the prior year, the company posted $0.78 EPS. Schlumberger’s revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.4 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Schlumberger 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.