Los Angeles Capital Management LLC Increases Position in Schlumberger Limited (NYSE:SLB)

Los Angeles Capital Management LLC increased its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 26.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,040 shares of the oil and gas company's stock after purchasing an additional 63,413 shares during the period. Los Angeles Capital Management LLC's holdings in Schlumberger were worth $12,880,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SLB. Vanguard Group Inc. raised its position in Schlumberger by 1.4% during the first quarter. Vanguard Group Inc. now owns 134,150,168 shares of the oil and gas company's stock valued at $7,352,771,000 after purchasing an additional 1,868,688 shares during the period. Capital World Investors raised its stake in shares of Schlumberger by 72.3% in the first quarter. Capital World Investors now owns 88,950,956 shares of the oil and gas company's stock valued at $4,875,402,000 after acquiring an additional 37,333,485 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Schlumberger by 14.1% in the 1st 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 acquiring an additional 10,606,191 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Schlumberger by 14.0% during the 2nd 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. Finally, Boston Partners raised its holdings in shares of Schlumberger by 35.8% in the first quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company's stock worth $635,883,000 after buying an additional 3,069,395 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Trading Up 0.2 %

Schlumberger stock traded up $0.08 during mid-day trading on Tuesday, hitting $44.37. The company's stock had a trading volume of 7,887,303 shares, compared to its average volume of 11,269,465. Schlumberger Limited has a 1 year low of $38.66 and a 1 year high of $55.69. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $62.66 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. The stock's fifty day moving average is $42.22 and its two-hundred day moving average is $44.80.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results 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 net margin of 12.44% and a return on equity of 21.84%. The business had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business's revenue was up 10.2% on a year-over-year basis. On average, analysts anticipate that Schlumberger Limited will post 3.4 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid 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 2.48%. Schlumberger's dividend payout ratio (DPR) is presently 35.37%.

Insider Transactions at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley dropped their target price on shares of Schlumberger from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Barclays cut their price target on Schlumberger from $67.00 to $63.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company cut their target price 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. JPMorgan Chase & Co. cut their price objective on shares of Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Schlumberger in a research note on Thursday, October 3rd. 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.com, Schlumberger 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.