Waverton Investment Management Ltd Buys 116,578 Shares of Schlumberger Limited (NYSE:SLB)

Waverton Investment Management Ltd boosted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,112,864 shares of the oil and gas company's stock after purchasing an additional 116,578 shares during the quarter. Schlumberger comprises approximately 1.5% of Waverton Investment Management Ltd's investment portfolio, making the stock its 25th biggest position. Waverton Investment Management Ltd owned about 0.15% of Schlumberger worth $88,624,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Capital World Investors increased its position in Schlumberger by 72.3% during the 1st quarter. Capital World Investors now owns 88,950,956 shares of the oil and gas company's stock worth $4,875,402,000 after buying an additional 37,333,485 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 acquiring 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 worth $635,883,000 after purchasing an additional 3,069,395 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Schlumberger during the 2nd quarter worth approximately $92,944,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Schlumberger during the second quarter worth approximately $91,364,000. 81.99% of the stock is owned by institutional investors.

Schlumberger Trading Up 0.1 %

Shares of SLB traded up $0.05 during mid-day trading on Tuesday, reaching $44.34. 13,713,322 shares of the company were exchanged, compared to its average volume of 11,296,045. The business has a 50 day simple moving average of $42.22 and a two-hundred day simple moving average of $44.80. Schlumberger Limited has a 52 week low of $38.66 and a 52 week high of $55.69. The stock has a market capitalization of $62.61 billion, a PE ratio of 14.43, a PEG ratio of 1.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48.

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

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.48%. Schlumberger's dividend payout ratio is currently 35.37%.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SLB shares. JPMorgan Chase & Co. reduced their price target on Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 1st. Susquehanna dropped their price target on Schlumberger from $60.00 to $56.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Wells Fargo & Company reduced their price objective 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. Evercore ISI reduced their price target on shares of Schlumberger from $74.00 to $62.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. Finally, Morgan Stanley lowered their price objective on shares of Schlumberger from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price 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.