Schlumberger Limited (NYSE:SLB) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 817,771 shares of the oil and gas company's stock after acquiring an additional 65,318 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Schlumberger worth $34,305,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its holdings in shares of Schlumberger by 4.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,638 shares of the oil and gas company's stock valued at $471,000 after purchasing an additional 337 shares during the last quarter. Edgestream Partners L.P. raised its stake in 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 during the last quarter. Trustmark National Bank Trust Department boosted its holdings in 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 worth $1,026,000 after acquiring an additional 1,282 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Schlumberger by 19.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 123,836 shares of the oil and gas company's stock worth $6,787,000 after acquiring an additional 20,138 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Schlumberger by 220.5% during 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 acquiring an additional 25,934 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 211,937 shares of the company's stock, valued at $8,880,160.30. This 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. 0.26% of the stock is owned by insiders.

Schlumberger Trading Down 0.6 %

NYSE:SLB traded down $0.27 on Friday, reaching $43.18. 9,632,621 shares of the company's stock were exchanged, compared to its average volume of 13,737,082. The business has a fifty day moving average of $42.40 and a 200-day moving average of $44.69. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a 52-week low of $38.66 and a 52-week high of $55.69. The firm has a market capitalization of $60.98 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52.

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

Schlumberger Dividend Announcement

The business also recently disclosed 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. This represents a $1.10 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio is presently 35.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SLB shares. UBS Group cut their price target on shares of Schlumberger from $63.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Morgan Stanley cut their target price on Schlumberger from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their price target on Schlumberger from $64.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, October 1st. Citigroup cut their price objective on Schlumberger from $60.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Finally, Barclays dropped their target price on Schlumberger from $67.00 to $63.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.97.

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.