SkyView Investment Advisors LLC Has $712,000 Stake in Schlumberger Limited (NYSE:SLB)

SkyView Investment Advisors LLC grew its stake in Schlumberger Limited (NYSE:SLB) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,965 shares of the oil and gas company’s stock after purchasing an additional 936 shares during the period. SkyView Investment Advisors LLC’s holdings in Schlumberger were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLB. Bard Financial Services Inc. acquired a new stake in Schlumberger in the third quarter valued at approximately $229,000. Soltis Investment Advisors LLC boosted its holdings in shares of Schlumberger by 97.7% during 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 acquiring an additional 8,765 shares in the last quarter. TD Private Client Wealth LLC grew its position in 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 acquiring an additional 4,406 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Schlumberger by 25.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company’s stock worth $31,961,000 after purchasing an additional 156,698 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Schlumberger by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 24,276 shares of the oil and gas company’s stock valued at $1,018,000 after purchasing an additional 1,124 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction 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. This trade represents a 22.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BMO Capital Markets lowered their price objective on Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, October 10th. Stifel Nicolaus restated a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of Schlumberger in a research 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. Bank of America decreased their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. cut their target price on Schlumberger from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and a consensus target price of $60.91.

Schlumberger Trading Up 1.7 %

NYSE:SLB opened at $41.55 on Thursday. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $55.69. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $58.67 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.45 and a beta of 1.51. The firm has a fifty day simple moving average of $42.91 and a two-hundred day simple moving average of $44.07.

Schlumberger (NYSE:SLB) last issued its earnings results 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. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same period last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.65%. Schlumberger’s dividend payout ratio is 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.