Schlumberger Limited. (SLB) Shares Sold by Strategic Advisors LLC
Strategic Advisors LLC lessened its holdings in Schlumberger Limited. (NYSE:SLB) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,755 shares of the oil and gas company’s stock after selling 1,348 shares during the period. Strategic Advisors LLC’s holdings in Schlumberger were worth $906,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC raised its holdings in shares of Schlumberger by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 307 shares in the last quarter. Jacobi Capital Management LLC increased its stake in Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,000 shares during the period. Proficio Capital Partners LLC increased its stake in Schlumberger by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 310 shares during the period. Valley National Advisers Inc. increased its stake in Schlumberger by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 8 shares during the period. Finally, Baystate Wealth Management LLC increased its stake in Schlumberger by 12.7% in the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 305 shares during the period. 79.77% of the stock is owned by institutional investors.
A number of research analysts have commented on the stock. Goldman Sachs Group lowered shares of Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective on the stock. in a research note on Monday, November 13th. Zacks Investment Research raised shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Schlumberger in a report on Friday, November 3rd. SunTrust Banks reaffirmed a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Finally, Loop Capital lowered their target price on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.31.
Schlumberger Limited. (NYSE:SLB) traded up $1.88 during mid-day trading on Monday, reaching $64.73. 11,963,900 shares of the company were exchanged, compared to its average volume of 7,082,403. The stock has a market capitalization of $89,668.01, a P/E ratio of 50.18, a P/E/G ratio of 1.98 and a beta of 1.01. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $87.84. 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 (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. analysts predict that Schlumberger Limited. will post 1.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio is currently 512.83%.
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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.
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