Asset Advisors Investment Management LLC Buys Shares of 5,000 Schlumberger Limited. (SLB)

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Asset Advisors Investment Management LLC bought a new position in Schlumberger Limited. (NYSE:SLB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,000 shares of the oil and gas company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jolley Asset Management LLC boosted its stake in Schlumberger by 170.8% in the 1st quarter. Jolley Asset Management LLC now owns 66,906 shares of the oil and gas company’s stock worth $2,915,000 after purchasing an additional 42,200 shares during the period. Autus Asset Management LLC boosted its stake in Schlumberger by 53.9% in the 1st quarter. Autus Asset Management LLC now owns 88,683 shares of the oil and gas company’s stock worth $3,864,000 after purchasing an additional 31,074 shares during the period. RPG Investment Advisory LLC boosted its stake in Schlumberger by 34.1% in the 1st quarter. RPG Investment Advisory LLC now owns 140,163 shares of the oil and gas company’s stock worth $6,107,000 after purchasing an additional 35,670 shares during the period. Welch Group LLC boosted its stake in Schlumberger by 51.3% in the 1st quarter. Welch Group LLC now owns 9,705 shares of the oil and gas company’s stock worth $423,000 after purchasing an additional 3,291 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in Schlumberger by 24.3% in the 1st quarter. Hodges Capital Management Inc. now owns 30,428 shares of the oil and gas company’s stock worth $1,326,000 after purchasing an additional 5,950 shares during the period. 78.94% of the stock is owned by institutional investors.

Several research firms have weighed in on SLB. Barclays dropped their price target on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Raymond James restated a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Friday, March 15th. Goldman Sachs Group began coverage on Schlumberger in a research note on Sunday, March 10th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Zacks Investment Research upgraded Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Schlumberger presently has an average rating of “Hold” and a consensus target price of $65.00.

In related news, EVP Peuch Olivier Le sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by company insiders.

NYSE SLB opened at $45.56 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The company has a market cap of $63.14 billion, a PE ratio of 28.12, a PEG ratio of 2.04 and a beta of 1.33. Schlumberger Limited. has a one year low of $34.99 and a one year high of $75.43.

Schlumberger (NYSE:SLB) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $7.88 billion during the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. On average, sell-side analysts expect that Schlumberger Limited. will post 1.6 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 4.39%. Schlumberger’s dividend payout ratio is presently 123.46%.

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About Schlumberger

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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