Segall Bryant & Hamill LLC Takes Position in Schlumberger Limited (NYSE:SLB)

Segall Bryant & Hamill LLC acquired a new stake in Schlumberger Limited (NYSE:SLB - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 269,995 shares of the oil and gas company's stock, valued at approximately $11,326,000.

Several other institutional investors also recently modified their holdings of SLB. Price T Rowe Associates Inc. MD grew 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 period. Boston Partners raised 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 valued at $635,883,000 after acquiring an additional 3,069,395 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Schlumberger during the 2nd quarter valued at $92,944,000. 1832 Asset Management L.P. bought a new position in Schlumberger during the second quarter worth $91,364,000. Finally, Legal & General Group Plc raised its position 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 valued at $598,544,000 after purchasing an additional 1,560,684 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SLB shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Schlumberger in a report on Thursday, October 3rd. Morgan Stanley reduced their price objective on Schlumberger from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Evercore ISI lowered their target price on Schlumberger from $74.00 to $62.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. UBS Group reduced their price target on Schlumberger from $63.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. Finally, Susquehanna lowered their price objective on Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and an average target price of $60.97.

Schlumberger Stock Performance

NYSE:SLB opened at $43.53 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The firm 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 twelve month low of $38.66 and a twelve month high of $55.69. The stock's 50-day simple moving average is $42.61 and its 200 day simple moving average is $44.60.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, analysts anticipate that Schlumberger Limited will post 3.4 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio (DPR) is 35.37%.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of Schlumberger 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 approximately $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger 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.