Ropes Wealth Advisors LLC lessened its stake in shares of Schlumberger Limited. (NYSE:SLB) by 24.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,473 shares of the oil and gas company’s stock after selling 3,641 shares during the period. Ropes Wealth Advisors LLC’s holdings in Schlumberger were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional raised its holdings in shares of Schlumberger by 158.4% during the 1st 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 period. Highwater Wealth Management LLC purchased a new stake in Schlumberger in the 4th quarter valued at about $45,000. IMS Capital Management purchased a new stake in Schlumberger in the 3rd quarter valued at about $46,000. Old North State Trust LLC raised its holdings in Schlumberger by 100.2% in the 1st quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 436 shares during the period. Finally, Berman Capital Advisors LLC purchased a new stake in Schlumberger in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 78.94% of the company’s stock.

Several analysts recently issued reports on SLB shares. Barclays reduced their price objective on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Citigroup reduced their price objective on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Goldman Sachs Group started coverage on shares of Schlumberger in a report on Sunday, March 10th. They issued a “buy” rating and a $55.00 price objective on the stock. Zacks Investment Research restated a “strong sell” rating on shares of Schlumberger in a report on Monday, December 31st. Finally, Jefferies Financial Group lowered shares of Schlumberger from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $45.00 in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Schlumberger currently has an average rating of “Hold” and an average target price of $65.00.

NYSE SLB opened at $45.56 on Friday. The stock has a market capitalization of $63.14 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 2.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.87. Schlumberger Limited. has a 1-year low of $34.99 and a 1-year high of $75.43.

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, meeting the consensus estimate of $0.30. The company 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%. Schlumberger’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. On average, sell-side analysts forecast that Schlumberger Limited. will post 1.6 earnings per share 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. This represents a $2.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s dividend payout ratio is currently 123.46%.

In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.48% of the company’s stock.

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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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