Schlumberger Limited. (SLB) Stake Decreased by SG Americas Securities LLC

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SG Americas Securities LLC trimmed its holdings in Schlumberger Limited. (NYSE:SLB) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,190 shares of the oil and gas company’s stock after selling 24,553 shares during the quarter. SG Americas Securities LLC’s holdings in Schlumberger were worth $18,993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SLB. Stephens Inc. AR increased its holdings in Schlumberger by 17.4% during the 3rd quarter. Stephens Inc. AR now owns 46,053 shares of the oil and gas company’s stock worth $3,213,000 after purchasing an additional 6,836 shares during the period. Chartwell Investment Partners LLC increased its holdings in Schlumberger by 3.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 136,390 shares of the oil and gas company’s stock worth $9,513,000 after purchasing an additional 4,135 shares during the period. Cutler Investment Counsel LLC increased its holdings in Schlumberger by 1.6% during the 3rd quarter. Cutler Investment Counsel LLC now owns 52,715 shares of the oil and gas company’s stock worth $3,677,000 after purchasing an additional 825 shares during the period. AE Wealth Management LLC purchased a new position in Schlumberger during the 3rd quarter worth $212,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Schlumberger by 40.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 43,553 shares of the oil and gas company’s stock worth $3,038,000 after purchasing an additional 12,496 shares during the period. Hedge funds and other institutional investors own 78.60% of the company’s stock.

In other Schlumberger news, VP Claudia Jaramillo sold 3,000 shares of Schlumberger stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.68, for a total transaction of $218,040.00. Following the completion of the sale, the vice president now owns 6,162 shares of the company’s stock, valued at approximately $447,854.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick Schorn purchased 5,000 shares of the stock in a transaction on Monday, March 26th. The shares were purchased at an average cost of $64.79 per share, with a total value of $323,950.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 18,000 shares of company stock valued at $1,163,650. 0.48% of the stock is currently owned by insiders.

Schlumberger opened at $68.60 on Friday, MarketBeat reports. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $101.72 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 5.96 and a beta of 1.05. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $80.35.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.38. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.79 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. equities research analysts expect that Schlumberger Limited. will post 2.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Wednesday, June 6th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.92%. Schlumberger’s dividend payout ratio is currently 133.33%.

A number of research analysts have recently issued reports on SLB shares. Barclays set a $70.00 price target on Schlumberger and gave the company a “hold” rating in a report on Saturday, March 24th. Zacks Investment Research upgraded Schlumberger from a “sell” rating to a “hold” rating in a report on Monday, February 26th. SunTrust Banks upgraded Schlumberger from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. They noted that the move was a valuation call. Bank of America upgraded Schlumberger from a “neutral” rating to a “buy” rating and lifted their price target for the company from $66.50 to $75.00 in a report on Monday, February 26th. Finally, Jefferies Group set a $85.00 price target on Schlumberger and gave the company a “buy” rating in a report on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $79.88.

Schlumberger Profile

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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