Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in shares of Schlumberger Limited. (NYSE:SLB) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,610 shares of the oil and gas company’s stock after selling 2,409 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Schlumberger were worth $593,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Schlumberger by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 108,726,647 shares of the oil and gas company’s stock valued at $6,623,627,000 after purchasing an additional 735,605 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Schlumberger by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 108,726,647 shares of the oil and gas company’s stock valued at $6,623,627,000 after purchasing an additional 735,605 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Schlumberger by 3.0% in the 4th quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock valued at $3,238,103,000 after purchasing an additional 2,571,883 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Schlumberger by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 31,019,971 shares of the oil and gas company’s stock valued at $1,889,738,000 after purchasing an additional 1,558,478 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Schlumberger by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 16,487,841 shares of the oil and gas company’s stock valued at $593,754,000 after purchasing an additional 1,125,484 shares in the last quarter. 79.29% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $46.10, for a total value of $1,152,500.00. Following the sale, the chief financial officer now directly owns 255,971 shares of the company’s stock, valued at approximately $11,800,263.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $43.29, for a total transaction of $374,155.47. Following the completion of the sale, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.
Schlumberger stock traded up $0.16 during mid-day trading on Friday, reaching $41.28. 7,182,563 shares of the company traded hands, compared to its average volume of 10,271,739. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. Schlumberger Limited. has a fifty-two week low of $34.99 and a fifty-two week high of $75.43. The firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.77 and a beta of 1.31.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.30. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the business posted $0.38 EPS. Schlumberger’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that Schlumberger Limited. will post 1.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is currently 123.46%.
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Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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