Schlumberger Limited. (SLB) Holdings Lowered by Lyell Wealth Management LP

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Lyell Wealth Management LP trimmed its position in Schlumberger Limited. (NYSE:SLB) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,627 shares of the oil and gas company’s stock after selling 11,361 shares during the quarter. Lyell Wealth Management LP’s holdings in Schlumberger were worth $610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Exane Asset Management purchased a new stake in shares of Schlumberger in the fourth quarter worth approximately $37,000. Highwater Wealth Management LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth approximately $45,000. IMS Capital Management purchased a new stake in shares of Schlumberger in the third quarter worth approximately $46,000. Lindbrook Capital LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth approximately $49,000. Finally, First Command Bank lifted its position in shares of Schlumberger by 337.7% in the fourth quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

SLB has been the topic of several recent research reports. Royal Bank of Canada set a $58.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research report on Friday, January 18th. JPMorgan Chase & Co. lowered shares of Schlumberger from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $73.00 to $48.00 in a research report on Tuesday, December 11th. Zacks Investment Research raised shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Credit Suisse Group lowered shares of Schlumberger from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $65.00 to $44.00 in a research report on Wednesday, December 19th. Finally, HSBC raised shares of Schlumberger from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Schlumberger presently has an average rating of “Hold” and an average target price of $66.00.

NYSE:SLB opened at $43.09 on Friday. Schlumberger Limited. has a 12 month low of $34.99 and a 12 month high of $75.43. The company has a market capitalization of $59.03 billion, a PE ratio of 26.60, a PEG ratio of 2.30 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.10 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Analysts predict that Schlumberger Limited. will post 1.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Wednesday, February 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Tuesday, February 12th. Schlumberger’s dividend payout ratio is 123.46%.

In other news, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Patrick Schorn purchased 10,000 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was purchased at an average cost of $37.55 per share, for a total transaction of $375,500.00. Following the transaction, the executive vice president now owns 35,000 shares of the company’s stock, valued at $1,314,250. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

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Schlumberger Profile

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.

Further Reading: What is an Initial Public Offering (IPO)?

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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