Islay Capital Management LLC Increases Stock Holdings in Schlumberger Limited (NYSE:SLB)

Islay Capital Management LLC boosted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 4,952.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,525 shares of the oil and gas company's stock after acquiring an additional 26,000 shares during the quarter. Islay Capital Management LLC's holdings in Schlumberger were worth $1,113,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Acadian Asset Management LLC increased its position in shares of Schlumberger by 4.1% in the first quarter. Acadian Asset Management LLC now owns 8,638 shares of the oil and gas company's stock valued at $471,000 after buying an additional 337 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Schlumberger by 276.6% in the first quarter. Edgestream Partners L.P. now owns 53,345 shares of the oil and gas company's stock valued at $2,924,000 after buying an additional 39,181 shares in the last quarter. Trustmark National Bank Trust Department increased its position in shares of Schlumberger by 7.4% in the first quarter. Trustmark National Bank Trust Department now owns 18,716 shares of the oil and gas company's stock valued at $1,026,000 after buying an additional 1,282 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Schlumberger by 19.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 123,836 shares of the oil and gas company's stock valued at $6,787,000 after buying an additional 20,138 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in shares of Schlumberger by 220.5% in the first quarter. UniSuper Management Pty Ltd now owns 37,695 shares of the oil and gas company's stock valued at $2,066,000 after buying an additional 25,934 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SLB. Dbs Bank began coverage on Schlumberger in a research report on Wednesday, September 18th. They issued a "buy" rating and a $64.50 price target for the company. Bank of America dropped their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Morgan Stanley decreased their price objective on Schlumberger from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Sanford C. Bernstein raised Schlumberger to a "strong-buy" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price objective on Schlumberger from $53.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Schlumberger currently has a consensus rating of "Moderate Buy" and an average price target of $60.97.

Schlumberger Trading Up 0.7 %

NYSE:SLB traded up $0.31 during mid-day trading on Monday, reaching $43.49. The company's stock had a trading volume of 6,810,729 shares, compared to its average volume of 11,256,814. The company's fifty day simple moving average is $42.46 and its two-hundred day simple moving average is $44.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12. Schlumberger Limited has a twelve month low of $38.66 and a twelve month high of $55.69. The stock has a market cap of $61.41 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.52 and a beta of 1.52.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm's quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. On average, equities analysts predict that Schlumberger Limited will post 3.4 EPS for the current year.

Schlumberger Dividend Announcement

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 $0.275 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.53%. Schlumberger's dividend payout ratio (DPR) is 35.37%.

Insider Transactions 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 stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $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 is available through this hyperlink. Company insiders own 0.26% of the company's stock.

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.