BTR Capital Management Inc. lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,186 shares of the oil and gas company’s stock after selling 15,189 shares during the period. BTR Capital Management Inc.’s holdings in Schlumberger were worth $7,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meyer Handelman Co. increased its holdings in Schlumberger by 12.3% during the 3rd quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after acquiring an additional 25,494 shares during the period. WFG Advisors LP increased its holdings in Schlumberger by 51.5% during the 2nd quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock worth $746,000 after acquiring an additional 3,853 shares during the period. Wilkins Investment Counsel Inc. increased its holdings in Schlumberger by 8.8% during the 2nd quarter. Wilkins Investment Counsel Inc. now owns 111,235 shares of the oil and gas company’s stock worth $7,324,000 after acquiring an additional 8,950 shares during the period. King Luther Capital Management Corp increased its holdings in Schlumberger by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 861,701 shares of the oil and gas company’s stock worth $56,734,000 after acquiring an additional 9,874 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Schlumberger by 8.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock worth $1,214,244,000 after acquiring an additional 1,380,252 shares during the period. 79.88% of the stock is currently owned by institutional investors.

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A number of analysts recently weighed in on SLB shares. Royal Bank of Canada set a $73.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. UBS set a $95.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Cowen set a $85.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $81.44.

Shares of Schlumberger Limited. (NYSE:SLB) opened at $65.52 on Friday. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $80.89. The stock has a market cap of $90,730.65, a price-to-earnings ratio of -60.11, a PEG ratio of 5.06 and a beta of 1.03. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. analysts forecast that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. Schlumberger’s dividend payout ratio (DPR) is -183.49%.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

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About Schlumberger

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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