Schlumberger Limited. (SLB) Shares Bought by Veritas Investment Management UK Ltd

Veritas Investment Management UK Ltd increased its holdings in Schlumberger Limited. (NYSE:SLB) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,203 shares of the oil and gas company’s stock after purchasing an additional 10,585 shares during the period. Schlumberger accounts for 4.2% of Veritas Investment Management UK Ltd’s holdings, making the stock its 12th biggest holding. Veritas Investment Management UK Ltd’s holdings in Schlumberger were worth $11,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in Schlumberger by 103.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after acquiring an additional 8,167,945 shares during the last quarter. Dodge & Cox increased its stake in Schlumberger by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares during the last quarter. American Century Companies Inc. increased its stake in Schlumberger by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after acquiring an additional 2,791,675 shares during the last quarter. Vanguard Group Inc. increased its stake in Schlumberger by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after acquiring an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Schlumberger by 13.8% in the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after acquiring an additional 1,993,829 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on SLB. Cowen set a $85.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Jefferies Group set a $78.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. B. Riley set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and an average target price of $79.56.

Schlumberger Limited. (NYSE:SLB) opened at $77.21 on Thursday. The firm has a market capitalization of $106,960.00, a P/E ratio of 197.97, a PEG ratio of 1.59 and a beta of 1.01. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $87.84.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. analysts forecast that Schlumberger Limited. will post 1.46 earnings per share for the current year.

In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

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Schlumberger Company Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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