Mraz Amerine & Associates Inc. Purchases 10,785 Shares of Schlumberger Limited (NYSE:SLB)

Mraz Amerine & Associates Inc. grew its holdings in Schlumberger Limited (NYSE:SLB) by 14.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,194 shares of the oil and gas company’s stock after acquiring an additional 10,785 shares during the quarter. Schlumberger accounts for approximately 0.6% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 23rd biggest position. Mraz Amerine & Associates Inc.’s holdings in Schlumberger were worth $3,532,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. ORG Partners LLC lifted its stake in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 484 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Schlumberger during the first quarter worth about $27,000. Bruce G. Allen Investments LLC raised its stake 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 worth $28,000 after acquiring an additional 392 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in Schlumberger during the second quarter worth about $30,000. Finally, Manchester Capital Management LLC raised its stake 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 worth $31,000 after acquiring an additional 426 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Schlumberger Price Performance

Shares of SLB stock opened at $41.25 on Friday. The firm has a market cap of $58.96 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.48 and a beta of 1.51. The business’s 50 day moving average price is $43.00 and its 200-day moving average price is $45.75. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $57.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period last year, the business posted $0.78 earnings per share. Schlumberger’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Schlumberger Limited will post 3.41 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a yield of 2.67%. Schlumberger’s payout ratio is currently 36.54%.

Insider Buying and Selling

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

SLB has been the subject of several recent research reports. Susquehanna lowered their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday. Morgan Stanley reduced their target price on Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. TD Cowen cut their price target on Schlumberger from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Schlumberger in a report on Thursday, October 3rd. Finally, Wells Fargo & Company lowered their target price on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.97.

About Schlumberger

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.