Reilly Financial Advisors LLC lessened its stake in shares of Schlumberger Limited. (NYSE:SLB) by 48.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,771 shares of the oil and gas company’s stock after selling 3,481 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Schlumberger were worth $164,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. CX Institutional boosted its stake in Schlumberger by 158.4% in the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 396 shares during the period. Berman Capital Advisors LLC acquired a new position in Schlumberger in the fourth quarter valued at approximately $31,000. Bruderman Asset Management LLC acquired a new position in Schlumberger in the fourth quarter valued at approximately $33,000. Sontag Advisory LLC acquired a new position in Schlumberger in the fourth quarter valued at approximately $36,000. Finally, Exane Asset Management acquired a new position in Schlumberger in the fourth quarter valued at approximately $37,000. Institutional investors own 77.85% of the company’s stock.
In other news, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $43.29, for a total value of $374,155.47. Following the transaction, the insider now directly owns 70,260 shares of the company’s stock, valued at $3,041,555.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,152,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,971 shares in the company, valued at $11,800,263.10. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.
Shares of NYSE SLB traded down $0.49 during trading on Friday, hitting $37.00. The company had a trading volume of 7,505,570 shares, compared to its average volume of 10,188,704. The stock has a market capitalization of $51.51 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.64 and a beta of 1.31. Schlumberger Limited. has a 52 week low of $34.99 and a 52 week high of $70.47. 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 (NYSE:SLB) last posted its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts forecast that Schlumberger Limited. will post 1.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is currently 123.46%.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $50.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Morgan Stanley set a $51.00 target price on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. SunTrust Banks upped their target price on Schlumberger to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Barclays cut their target price on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $57.16.
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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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