Schlumberger Limited. (SLB) Holdings Cut by IFP Advisors Inc
IFP Advisors Inc trimmed its stake in shares of Schlumberger Limited. (NYSE:SLB) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,861 shares of the oil and gas company’s stock after selling 7,069 shares during the period. IFP Advisors Inc’s holdings in Schlumberger were worth $1,069,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Aviance Capital Management LLC acquired a new stake in shares of Schlumberger in the second quarter valued at about $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Schlumberger in the second quarter valued at about $107,000. Jacobi Capital Management LLC raised its position in shares of 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 buying an additional 1,000 shares during the last quarter. Atlantic Trust LLC acquired a new stake in shares of Schlumberger in the second quarter valued at about $137,000. Finally, Legacy Advisors LLC acquired a new stake in shares of Schlumberger in the third quarter valued at about $146,000. 78.94% of the stock is currently owned by institutional investors and hedge funds.
Schlumberger Limited. (SLB) opened at $68.78 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market cap of $98,190.00, a PE ratio of -60.33, a price-to-earnings-growth ratio of 5.14 and a beta of 1.03. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $80.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is -175.44%.
In other news, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
A number of brokerages have recently commented on SLB. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Bank of America upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $66.50 to $75.00 in a research report on Monday, February 26th. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Griffin Securities upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $81.59.
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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.
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