Schlumberger Limited (NYSE:SLB) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its stake in shares of Schlumberger Limited (NYSE:SLB) by 27.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 76,838 shares of the oil and gas company’s stock after purchasing an additional 16,350 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Schlumberger were worth $3,223,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sfmg LLC grew its position in shares of Schlumberger by 4.1% during the third quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company’s stock worth $3,708,000 after buying an additional 3,478 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in Schlumberger by 5.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company’s stock worth $712,000 after acquiring an additional 936 shares in the last quarter. Bard Financial Services Inc. purchased a new stake in shares of Schlumberger in the 3rd quarter valued at approximately $229,000. Soltis Investment Advisors LLC raised its holdings in shares of Schlumberger by 97.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 17,734 shares of the oil and gas company’s stock valued at $744,000 after purchasing an additional 8,765 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Schlumberger by 16.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 31,510 shares of the oil and gas company’s stock worth $1,322,000 after purchasing an additional 4,406 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $40.22 on Friday. The company has a market cap of $56.80 billion, a P/E ratio of 12.93, a PEG ratio of 1.47 and a beta of 1.51. The company has a 50-day moving average price of $42.73 and a 200 day moving average price of $44.01. Schlumberger Limited has a 52 week low of $38.66 and a 52 week high of $55.69. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. Research analysts predict that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley dropped 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. Wells Fargo & Company dropped their price objective on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 25th. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets dropped their price target on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Schlumberger in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.91.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, 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 22.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.