Versant Capital Management Inc lessened its stake in shares of Schlumberger Limited. (NYSE:SLB) by 41.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 980 shares of the oil and gas company’s stock after selling 697 shares during the quarter. Versant Capital Management Inc’s holdings in Schlumberger were worth $42,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of SLB. CX Institutional increased its position in shares of Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 396 shares during the last quarter. Berman Capital Advisors LLC bought a new stake in Schlumberger in the fourth quarter valued at about $31,000. Bruderman Asset Management LLC bought a new stake in Schlumberger in the fourth quarter valued at about $33,000. Sontag Advisory LLC bought a new stake in Schlumberger in the fourth quarter valued at about $36,000. Finally, Exane Asset Management bought a new stake in Schlumberger in the fourth quarter valued at about $37,000. Institutional investors own 77.85% of the company’s stock.
SLB traded down $0.49 during trading on Friday, reaching $37.00. The stock had a trading volume of 7,505,570 shares, compared to its average volume of 10,188,704. The company has a market capitalization of $51.51 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.99. Schlumberger Limited. has a 1-year low of $34.99 and a 1-year high of $70.47.
Schlumberger (NYSE:SLB) last released its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $7.88 billion during the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. Equities analysts expect that Schlumberger Limited. will post 1.57 EPS for the current fiscal 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 given a $0.50 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 5.41%. Schlumberger’s dividend payout ratio (DPR) is 123.46%.
In other Schlumberger news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the insider now directly owns 70,260 shares in the company, valued at approximately $3,041,555.40. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Goldman Sachs Group assumed coverage on Schlumberger in a research note on Sunday, March 10th. They issued a “buy” rating and a $55.00 target price for the company. Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Friday, March 15th. Raymond James restated a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Finally, Barclays decreased their target price 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.16.
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Schlumberger Company 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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