Cambridge Advisors Inc. decreased its position in Schlumberger Limited. (NYSE:SLB) by 13.5% in the 4th quarter, Holdings Channel reports. The firm owned 15,365 shares of the oil and gas company’s stock after selling 2,406 shares during the period. Cambridge Advisors Inc.’s holdings in Schlumberger were worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SLB. Kempner Capital Management Inc. grew its holdings in Schlumberger by 0.3% in the 4th quarter. Kempner Capital Management Inc. now owns 96,914 shares of the oil and gas company’s stock valued at $3,497,000 after buying an additional 276 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Schlumberger by 2.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 11,941 shares of the oil and gas company’s stock valued at $431,000 after buying an additional 278 shares during the period. Garde Capital Inc. grew its holdings in Schlumberger by 3.6% in the 3rd quarter. Garde Capital Inc. now owns 11,201 shares of the oil and gas company’s stock valued at $539,000 after buying an additional 390 shares during the period. Evanson Asset Management LLC grew its holdings in Schlumberger by 3.1% in the 4th quarter. Evanson Asset Management LLC now owns 13,453 shares of the oil and gas company’s stock valued at $485,000 after buying an additional 400 shares during the period. Finally, Buckingham Capital Management Inc. grew its holdings in Schlumberger by 1.7% in the 3rd quarter. Buckingham Capital Management Inc. now owns 33,079 shares of the oil and gas company’s stock valued at $2,015,000 after buying an additional 543 shares during the period. 76.85% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on SLB. Zacks Investment Research upgraded Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Royal Bank of Canada set a $58.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Friday, January 18th. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Stephens began coverage on Schlumberger in a report on Friday, October 12th. They set a “weight” rating for the company. Finally, Credit Suisse Group set a $44.00 target price on Schlumberger and gave the stock a “hold” rating in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $66.65.

In related news, EVP Patrick Schorn purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was purchased at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the acquisition, the executive vice president now directly owns 35,000 shares in the company, valued at $1,314,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peuch Olivier Le sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

NYSE SLB opened at $42.78 on Friday. The company has a market capitalization of $59.16 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.38 and a beta of 1.36. Schlumberger Limited. has a fifty-two week low of $34.99 and a fifty-two week high of $75.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 0.87.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. Schlumberger’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. As a group, sell-side analysts forecast that Schlumberger Limited. will post 1.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s dividend payout ratio is presently 123.46%.

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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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