Schlumberger Limited (NYSE:SLB) Shares Acquired by Godsey & Gibb Inc.

Godsey & Gibb Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 428,637 shares of the oil and gas company’s stock after buying an additional 27,290 shares during the quarter. Godsey & Gibb Inc.’s holdings in Schlumberger were worth $17,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC acquired a new position in shares of Schlumberger during the 1st quarter worth $27,000. Manchester Capital Management LLC raised its stake in shares of Schlumberger by 297.9% during the 1st quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after buying an additional 426 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in Schlumberger by 204.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 392 shares during the last quarter. ORG Partners LLC raised its stake in Schlumberger by 393.5% in the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in Schlumberger in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SLB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 target price on shares of Schlumberger in a research note on Thursday, October 3rd. Bank of America cut their target price on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. TD Cowen upped their price objective on shares of Schlumberger from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus target price of $62.97.

Schlumberger Stock Down 4.7 %

NYSE SLB opened at $41.92 on Monday. The stock has a market cap of $59.92 billion, a PE ratio of 13.93, a P/E/G ratio of 0.96 and a beta of 1.51. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $60.85. The business has a 50 day moving average price of $43.10 and a two-hundred day moving average price of $45.95. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. Schlumberger’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, sell-side analysts predict that Schlumberger Limited will post 3.46 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders 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 dividend yield of 2.62%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

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.