Blair William & Co. IL Has $2.01 Million Position in Schlumberger Limited $SLB

Blair William & Co. IL reduced its stake in shares of Schlumberger Limited (NYSE:SLB) by 43.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,363 shares of the oil and gas company’s stock after selling 45,067 shares during the quarter. Blair William & Co. IL’s holdings in Schlumberger were worth $2,006,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SLB. Nuveen LLC acquired a new stake in shares of Schlumberger in the first quarter valued at $169,232,000. Scharf Investments LLC increased its stake in shares of Schlumberger by 20.5% in the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company’s stock valued at $69,133,000 after buying an additional 281,773 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new stake in shares of Schlumberger in the first quarter valued at $308,000. Shell Asset Management Co. increased its stake in shares of Schlumberger by 48.1% in the second quarter. Shell Asset Management Co. now owns 62,737 shares of the oil and gas company’s stock valued at $2,121,000 after buying an additional 20,387 shares in the last quarter. Finally, Godsey & Gibb Inc. increased its stake in shares of Schlumberger by 9.6% in the second quarter. Godsey & Gibb Inc. now owns 493,092 shares of the oil and gas company’s stock valued at $16,667,000 after buying an additional 43,135 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Up 0.9%

NYSE:SLB opened at $32.55 on Wednesday. The firm has a market capitalization of $48.62 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 8.97 and a beta of 0.97. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The stock’s 50 day moving average price is $34.50 and its two-hundred day moving average price is $34.73. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.51 billion. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.5%. Schlumberger’s payout ratio is presently 39.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SLB. Atb Cap Markets upgraded Schlumberger from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 1st. UBS Group reduced their target price on Schlumberger from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Melius assumed coverage on Schlumberger in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Susquehanna cut their price objective on Schlumberger from $44.00 to $42.00 and set a “positive” rating on the stock in a report on Monday, July 21st. Finally, Wells Fargo & Company cut Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.06.

Insider Buying and Selling at Schlumberger

In related news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.22% of the company’s stock.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.