Courier Capital LLC Sells 250 Shares of Schlumberger Limited (NYSE:SLB)

Courier Capital LLC decreased its position in shares of Schlumberger Limited (NYSE:SLB) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,700 shares of the oil and gas company’s stock after selling 250 shares during the period. Courier Capital LLC’s holdings in Schlumberger were worth $407,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC boosted its stake in Schlumberger by 9.0% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 122,849 shares of the oil and gas company’s stock valued at $5,153,000 after acquiring an additional 10,168 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Schlumberger by 91.3% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 91,305 shares of the oil and gas company’s stock valued at $3,830,000 after acquiring an additional 43,565 shares in the last quarter. Community Trust & Investment Co. lifted its position in Schlumberger by 60.4% in the 3rd quarter. Community Trust & Investment Co. now owns 372,351 shares of the oil and gas company’s stock valued at $15,620,000 after acquiring an additional 140,167 shares in the last quarter. Narwhal Capital Management lifted its position in Schlumberger by 4.8% in the 3rd quarter. Narwhal Capital Management now owns 22,930 shares of the oil and gas company’s stock valued at $962,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in Schlumberger by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 144,422 shares of the oil and gas company’s stock valued at $6,059,000 after buying an additional 3,227 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent research reports. Citigroup lowered their price target on shares of Schlumberger from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen decreased their price target on shares of Schlumberger from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI cut their price objective on shares of Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, Wells Fargo & Company cut their price target on shares of Schlumberger from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $60.97.

Schlumberger Stock Down 2.1 %

Shares of NYSE SLB opened at $41.25 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $57.75. The firm has a market capitalization of $58.96 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.51. The firm has a fifty day simple moving average of $43.00 and a two-hundred day simple moving average of $45.75.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts expect that Schlumberger Limited will post 3.41 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.67%. Schlumberger’s payout ratio is 36.54%.

Schlumberger Company Profile

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.