Exchange Capital Management Inc. boosted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 158.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,971 shares of the company’s stock after buying an additional 3,049 shares during the period. Exchange Capital Management Inc.’s holdings in Schlumberger Limited. were worth $417,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Smith Asset Management Group LP increased its position in Schlumberger Limited. by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock valued at $101,000 after buying an additional 80 shares during the period. Cable Hill Partners LLC increased its position in Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the company’s stock valued at $115,000 after buying an additional 311 shares during the period. WealthTrust Arizona LLC increased its position in Schlumberger Limited. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock valued at $112,000 after buying an additional 74 shares during the period. Roble Belko & Company Inc increased its position in Schlumberger Limited. by 5.5% in the third quarter. Roble Belko & Company Inc now owns 1,445 shares of the company’s stock valued at $114,000 after buying an additional 75 shares during the period. Finally, Mascoma Wealth Management LLC purchased a new position in Schlumberger Limited. during the fourth quarter valued at $124,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Institutional Ownership by Quarter for Schlumberger Limited. (NYSE:SLB)

Shares of Schlumberger Limited. (NYSE:SLB) opened at 78.92 on Tuesday. The stock has a 50 day moving average price of $80.97 and a 200-day moving average price of $81.41. The firm’s market capitalization is $109.82 billion. Schlumberger Limited. has a 52 week low of $71.34 and a 52 week high of $87.84.

Schlumberger Limited. (NYSE:SLB) last posted its earnings results on Friday, January 20th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Schlumberger Limited. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The firm had revenue of $7.11 billion for the quarter. During the same period in the previous year, the company posted $0.65 EPS. Schlumberger Limited.’s quarterly revenue was down 8.2% compared to the same quarter last year. Equities analysts anticipate that Schlumberger Limited. will post $1.80 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Monday, February 13th. Schlumberger Limited.’s payout ratio is currently -169.49%.

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Several equities analysts have recently weighed in on the company. Vetr upgraded Schlumberger Limited. from a “buy” rating to a “strong-buy” rating and set a $95.37 target price on the stock in a research report on Wednesday, December 28th. Jefferies Group LLC upgraded Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, December 1st. Sanford C. Bernstein assumed coverage on Schlumberger Limited. in a research report on Thursday, December 1st. They issued a “market perform” rating and a $92.00 target price on the stock. Deutsche Bank AG set a $101.00 target price on Schlumberger Limited. and gave the company a “buy” rating in a research report on Monday, January 23rd. Finally, Credit Suisse Group AG raised their target price on Schlumberger Limited. from $94.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $96.04.

In related news, EVP Ashok Belani sold 46,577 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $85.50, for a total value of $3,982,333.50. Following the sale, the executive vice president now owns 125,642 shares of the company’s stock, valued at approximately $10,742,391. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total value of $407,700.00. Following the completion of the sale, the director now directly owns 7,750 shares in the company, valued at approximately $631,935. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Schlumberger Limited. Company 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.

5 Day Chart for NYSE:SLB

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