Schlumberger Limited (NYSE:SLB) Shares Purchased by Callahan Advisors LLC

Callahan Advisors LLC raised its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,430 shares of the oil and gas company's stock after acquiring an additional 36,067 shares during the quarter. Callahan Advisors LLC's holdings in Schlumberger were worth $10,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. 1834 Investment Advisors Co. lifted its stake in shares of Schlumberger by 3.9% in the 3rd quarter. 1834 Investment Advisors Co. now owns 10,162 shares of the oil and gas company's stock valued at $426,000 after purchasing an additional 386 shares during the period. Catalina Capital Group LLC lifted its stake in shares of Schlumberger by 2.7% in the 3rd quarter. Catalina Capital Group LLC now owns 11,556 shares of the oil and gas company's stock valued at $485,000 after purchasing an additional 303 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Schlumberger by 2.7% during the third quarter. Avidian Wealth Enterprises LLC now owns 14,660 shares of the oil and gas company's stock worth $615,000 after buying an additional 391 shares during the period. Fiduciary Family Office LLC raised its holdings in shares of Schlumberger by 11.5% in the 3rd quarter. Fiduciary Family Office LLC now owns 19,774 shares of the oil and gas company's stock valued at $830,000 after buying an additional 2,032 shares during the period. Finally, Heritage Investors Management Corp grew its stake in Schlumberger by 1.9% during the 3rd quarter. Heritage Investors Management Corp now owns 186,458 shares of the oil and gas company's stock worth $7,822,000 after purchasing an additional 3,456 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Trading Up 8.2 %

NYSE SLB traded up $3.34 on Wednesday, hitting $43.89. The company's stock had a trading volume of 21,869,823 shares, compared to its average volume of 11,220,671. Schlumberger Limited has a 1-year low of $38.66 and a 1-year 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. The firm has a market cap of $61.98 billion, a PE ratio of 13.68, a PEG ratio of 1.42 and a beta of 1.52. The company's 50-day moving average is $42.25 and its 200 day moving average is $44.97.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts predict that Schlumberger Limited will post 3.4 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors 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 dividend on an annualized basis and a yield of 2.51%. Schlumberger's dividend payout ratio (DPR) is 35.37%.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the firm'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 sale, the executive vice president now directly owns 211,937 shares of the company's stock, valued at approximately $8,880,160.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SLB. Bank of America decreased their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, October 14th. BMO Capital Markets dropped their price objective on Schlumberger from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Schlumberger in a report on Thursday, October 3rd. TD Cowen cut their price target on shares of Schlumberger from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, October 21st. Finally, Stifel Nicolaus restated a "buy" rating and set a $60.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $60.97.

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.