Schlumberger Limited. (SLB) Stake Lifted by Jarislowsky Fraser Ltd

Jarislowsky Fraser Ltd lifted its position in Schlumberger Limited. (NYSE:SLB) by 8.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 270,578 shares of the oil and gas company’s stock after purchasing an additional 20,052 shares during the period. Jarislowsky Fraser Ltd’s holdings in Schlumberger were worth $18,875,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SLB. Aviance Capital Management LLC bought a new stake in Schlumberger in the second quarter valued at $100,000. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger in the second quarter valued at $107,000. Tradewinds Capital Management LLC boosted its holdings in Schlumberger by 22.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 298 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC bought a new stake in Schlumberger in the second quarter valued at $137,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Schlumberger Limited. (SLB) opened at $77.17 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The stock has a market capitalization of $106,900.00, a PE ratio of 197.87, a PEG ratio of 1.61 and a beta of 1.01. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $87.84.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. research analysts expect that Schlumberger Limited. will post 1.46 earnings per share for the current year.

Several analysts recently weighed in on the stock. Cowen set a $85.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. B. Riley set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.56.

In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by insiders.

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Schlumberger Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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