Cwm LLC Cuts Stake in Schlumberger Limited. (SLB)

CWM LLC decreased its stake in Schlumberger Limited. (NYSE:SLB) by 70.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,859 shares of the oil and gas company’s stock after selling 23,902 shares during the quarter. CWM LLC’s holdings in Schlumberger were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Schlumberger in the 4th quarter worth about $486,635,000. Two Sigma Advisers LP lifted its stake in Schlumberger by 139,145.2% in the 4th quarter. Two Sigma Advisers LP now owns 7,140,492 shares of the oil and gas company’s stock worth $257,629,000 after acquiring an additional 7,135,364 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Schlumberger by 3,478.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,436,967 shares of the oil and gas company’s stock worth $151,000 after acquiring an additional 5,285,050 shares in the last quarter. FMR LLC lifted its stake in Schlumberger by 53.5% in the 4th quarter. FMR LLC now owns 8,150,451 shares of the oil and gas company’s stock worth $294,067,000 after acquiring an additional 2,841,792 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Schlumberger by 3.0% in the 4th quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock worth $3,238,103,000 after acquiring an additional 2,571,883 shares in the last quarter. Institutional investors and hedge funds own 79.29% of the company’s stock.

In other news, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.29, for a total transaction of $374,155.47. Following the completion of the transaction, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $46.10, for a total value of $1,152,500.00. Following the transaction, the chief financial officer now owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Several brokerages recently issued reports on SLB. Royal Bank of Canada reduced their price objective on Schlumberger to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, May 15th. Morgan Stanley set a $51.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Barclays reduced their price objective 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. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, SunTrust Banks raised their price target on Schlumberger to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Schlumberger presently has a consensus rating of “Hold” and an average price target of $57.16.

Shares of SLB stock traded down $1.16 during trading on Wednesday, reaching $38.34. The company had a trading volume of 7,334,077 shares, compared to its average volume of 10,197,703. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 1.35. Schlumberger Limited. has a one year low of $34.99 and a one year high of $73.47. The company has a market capitalization of $54.12 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.62 and a beta of 1.31.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The business had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Schlumberger Limited. will post 1.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s payout ratio is 123.46%.

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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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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