NN Investment Partners Holdings N.V. Has $39.18 Million Stake in Schlumberger Limited. (SLB)

NN Investment Partners Holdings N.V. lifted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 643,128 shares of the oil and gas company’s stock after purchasing an additional 11,552 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Schlumberger were worth $39,179,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. K.J. Harrison & Partners Inc raised its stake in shares of Schlumberger by 37.3% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 14,730 shares of the oil and gas company’s stock worth $897,000 after purchasing an additional 4,000 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of Schlumberger by 0.6% during the 3rd quarter. State Treasurer State of Michigan now owns 412,472 shares of the oil and gas company’s stock worth $25,128,000 after purchasing an additional 2,400 shares in the last quarter. Osborne Partners Capital Management LLC raised its stake in shares of Schlumberger by 8.0% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 212,463 shares of the oil and gas company’s stock worth $12,943,000 after purchasing an additional 15,818 shares in the last quarter. St. James Investment Company LLC raised its stake in shares of Schlumberger by 59.9% during the 3rd quarter. St. James Investment Company LLC now owns 631,487 shares of the oil and gas company’s stock worth $38,470,000 after purchasing an additional 236,492 shares in the last quarter. Finally, Asset Advisors Investment Management LLC bought a new stake in shares of Schlumberger during the 3rd quarter worth approximately $335,000. Institutional investors own 78.52% of the company’s stock.

Shares of NYSE SLB opened at $51.45 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. Schlumberger Limited. has a one year low of $50.80 and a one year high of $80.35. The firm has a market capitalization of $73.26 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 5.22 and a beta of 0.93.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.57 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited. will post 1.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, December 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, December 4th. Schlumberger’s dividend payout ratio is 133.33%.

In other news, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were purchased at an average cost of $60.31 per share, with a total value of $482,480.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.48% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group upped their price objective on Schlumberger from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a research note on Monday, July 23rd. Citigroup dropped their price target on Schlumberger from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, July 23rd. Jefferies Financial Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Seaport Global Securities set a $72.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $76.84.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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