Ensign Peak Advisors Inc Acquires 331,171 Shares of Schlumberger Limited. (NYSE:SLB)

Ensign Peak Advisors Inc increased its holdings in Schlumberger Limited. (NYSE:SLB) by 250.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 463,524 shares of the oil and gas company’s stock after buying an additional 331,171 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Schlumberger were worth $8,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLB. Ritholtz Wealth Management grew its stake in shares of Schlumberger by 4.2% during the 2nd quarter. Ritholtz Wealth Management now owns 14,016 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 571 shares during the period. Bremer Bank National Association grew its stake in shares of Schlumberger by 2.3% during the 2nd quarter. Bremer Bank National Association now owns 25,147 shares of the oil and gas company’s stock valued at $463,000 after purchasing an additional 572 shares during the period. Wellington Shields Capital Management LLC grew its stake in shares of Schlumberger by 2.8% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 21,704 shares of the oil and gas company’s stock valued at $399,000 after purchasing an additional 586 shares during the period. Mraz Amerine & Associates Inc. grew its stake in shares of Schlumberger by 5.1% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 14,022 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 685 shares during the period. Finally, Condor Capital Management grew its stake in shares of Schlumberger by 1.6% during the 2nd quarter. Condor Capital Management now owns 44,089 shares of the oil and gas company’s stock valued at $811,000 after purchasing an additional 700 shares during the period. Institutional investors own 72.50% of the company’s stock.

A number of equities research analysts have issued reports on the company. Evercore ISI restated a “buy” rating and set a $28.00 price target on shares of Schlumberger in a research note on Friday, July 24th. Bank of America boosted their price target on Schlumberger from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Cowen reiterated an “outperform” rating and set a $27.00 price objective on shares of Schlumberger in a research note on Friday, July 24th. Northland Securities assumed coverage on Schlumberger in a research note on Friday, May 29th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Schlumberger from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $23.16.

In other news, Director Mark G. Papa acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average cost of $19.46 per share, with a total value of $291,900.00. Following the acquisition, the director now directly owns 50,131 shares of the company’s stock, valued at $975,549.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.58% of the stock is owned by corporate insiders.

NYSE SLB opened at $19.31 on Friday. The stock’s 50 day moving average is $19.24 and its 200 day moving average is $19.05. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 1.35. Schlumberger Limited. has a 12 month low of $11.87 and a 12 month high of $41.14. The stock has a market cap of $26.54 billion, a PE ratio of 17.07, a P/E/G ratio of 5.04 and a beta of 2.10.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 24th. The oil and gas company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Schlumberger had a positive return on equity of 8.12% and a negative net margin of 73.90%. The firm’s revenue was down 35.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. On average, analysts forecast that Schlumberger Limited. will post 0.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.59%. Schlumberger’s dividend payout ratio (DPR) is 34.01%.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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