John G Ullman & Associates Inc. Has $13.79 Million Stake in Schlumberger Limited (NYSE:SLB)

John G Ullman & Associates Inc. increased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 26.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 328,704 shares of the oil and gas company's stock after buying an additional 68,700 shares during the quarter. Schlumberger comprises about 2.0% of John G Ullman & Associates Inc.'s portfolio, making the stock its 11th biggest position. John G Ullman & Associates Inc.'s holdings in Schlumberger were worth $13,789,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SLB. Price T Rowe Associates Inc. MD boosted its holdings in Schlumberger by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 85,986,039 shares of the oil and gas company's stock worth $4,712,897,000 after purchasing an additional 10,606,191 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Schlumberger by 14.0% in the second quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company's stock worth $598,544,000 after purchasing an additional 1,560,684 shares during the period. Boston Partners increased its stake in Schlumberger by 35.8% in the 1st quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company's stock worth $635,883,000 after acquiring an additional 3,069,395 shares during the last quarter. Van ECK Associates Corp grew its stake in Schlumberger by 1.2% in the 2nd quarter. Van ECK Associates Corp now owns 8,583,818 shares of the oil and gas company's stock worth $404,985,000 after buying an additional 100,477 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Schlumberger by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company's stock valued at $333,445,000 after purchasing an additional 915,705 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Price Performance

NYSE SLB opened at $43.53 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The business's fifty day moving average is $42.61 and its 200 day moving average is $44.60. The company has a market capitalization of $61.47 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $55.69.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $0.78 EPS. The firm's revenue was up 10.2% on a year-over-year basis. Sell-side analysts predict that Schlumberger Limited will post 3.4 earnings per share for the current 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 given 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 2.53%. Schlumberger's payout ratio is 35.37%.

Insider Activity at Schlumberger

In other Schlumberger 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 transaction of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares of the company's stock, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut their price objective on shares of Schlumberger from $74.00 to $62.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. TD Cowen reduced their price target on Schlumberger from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Schlumberger in a research report on Thursday, October 3rd. Wells Fargo & Company decreased their target price on shares of Schlumberger from $53.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 25th. Finally, BMO Capital Markets lowered their price target on shares of Schlumberger from $60.00 to $58.00 and set an "outperform" rating for the company in a report on Thursday, October 10th. Two equities 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 stock. According to MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus 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.

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