Radnor Capital Management LLC Makes New Investment in Schlumberger Limited (NYSE:SLB)

Radnor Capital Management LLC purchased a new position in Schlumberger Limited (NYSE:SLB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,784 shares of the oil and gas company's stock, valued at approximately $1,711,000.

Other large investors have also bought and sold shares of the company. Manchester Capital Management LLC increased its stake in shares of Schlumberger by 297.9% in the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 426 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Schlumberger by 204.2% during the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 392 shares in the last quarter. ORG Partners LLC grew its stake in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 484 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in Schlumberger during the second quarter valued at approximately $30,000. Finally, Riverview Trust Co grew its stake in Schlumberger by 90.6% during the second quarter. Riverview Trust Co now owns 648 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 308 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Trading Up 7.9 %

NYSE:SLB traded up $3.22 during midday trading on Wednesday, reaching $43.77. 25,247,746 shares of the stock traded hands, compared to its average volume of 11,250,119. The company has a fifty day moving average of $42.25 and a 200 day moving average of $44.97. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $55.69. 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 stock has a market capitalization of $61.81 billion, a P/E ratio of 13.68, a PEG ratio of 1.42 and a beta of 1.52.

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

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio is presently 35.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SLB. Morgan Stanley reduced their price objective on shares of Schlumberger from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Dbs Bank began coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They set a "buy" rating and a $64.50 price objective for the company. Benchmark reaffirmed a "buy" rating and set a $68.00 price objective on shares of Schlumberger in a research note on Monday, July 22nd. BMO Capital Markets cut their price target on shares of Schlumberger from $60.00 to $58.00 and set an "outperform" rating for the company in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Schlumberger in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $60.97.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the company'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 sale, the executive vice president now directly owns 211,937 shares of the company's stock, valued at $8,880,160.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company's stock.

About Schlumberger

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.