Murphy Pohlad Asset Management LLC lowered its stake in Schlumberger Limited. (NYSE:SLB) by 6.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 24,985 shares of the oil and gas company’s stock after selling 1,865 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Schlumberger were worth $1,088,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SLB. Vanguard Group Inc increased its holdings in Schlumberger by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 108,726,647 shares of the oil and gas company’s stock worth $6,623,627,000 after buying an additional 735,605 shares during the period. Inlet Private Wealth LLC acquired a new position in Schlumberger in the 4th quarter worth approximately $496,000. Merriman Wealth Management LLC increased its holdings in Schlumberger by 38.2% in the 4th quarter. Merriman Wealth Management LLC now owns 8,316 shares of the oil and gas company’s stock worth $325,000 after buying an additional 2,297 shares during the period. Tufton Capital Management increased its holdings in Schlumberger by 25.9% in the 4th quarter. Tufton Capital Management now owns 8,288 shares of the oil and gas company’s stock worth $299,000 after buying an additional 1,706 shares during the period. Finally, Guinness Atkinson Asset Management Inc increased its holdings in Schlumberger by 19.1% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 19,300 shares of the oil and gas company’s stock worth $696,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 77.19% of the company’s stock.

In other Schlumberger news, insider Alexander C. Juden sold 8,643 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the completion of the sale, the insider now directly owns 70,260 shares of the company’s stock, valued at approximately $3,041,555.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Simon Ayat sold 25,000 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Several equities analysts recently weighed in on SLB shares. Zacks Investment Research upgraded shares of Schlumberger from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 6th. Goldman Sachs Group assumed coverage on Schlumberger in a research report on Sunday, March 10th. They issued a “buy” rating and a $55.00 price objective on the stock. Jefferies Financial Group lowered Schlumberger from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $45.00 in a research report on Friday, March 15th. Raymond James restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, April 2nd. Finally, Barclays lowered their price objective on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.78.

Schlumberger stock opened at $34.69 on Monday. 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 12 month low of $34.46 and a 12 month high of $70.47. The company has a market capitalization of $48.05 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.43 and a beta of 1.39.

Schlumberger (NYSE:SLB) last announced its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The firm had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue was up .6% on a year-over-year basis. Sell-side analysts expect that Schlumberger Limited. will post 1.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.77%. Schlumberger’s dividend payout ratio (DPR) is 123.46%.

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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.

Further Reading: What does it mean to hold a stock in street name?

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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