Schlumberger Limited. (SLB) Stake Lessened by QS Investors LLC
QS Investors LLC cut its stake in Schlumberger Limited. (NYSE:SLB) by 17.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,837 shares of the oil and gas company’s stock after selling 39,108 shares during the period. QS Investors LLC’s holdings in Schlumberger were worth $12,104,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Frontier Wealth Management LLC raised its holdings in shares of Schlumberger by 0.4% during the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 35 shares in the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Schlumberger by 4.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 112,245 shares of the oil and gas company’s stock valued at $7,757,000 after purchasing an additional 4,795 shares in the last quarter. Cutler Investment Counsel LLC raised its holdings in shares of Schlumberger by 1.3% during the 2nd quarter. Cutler Investment Counsel LLC now owns 51,890 shares of the oil and gas company’s stock valued at $3,416,000 after purchasing an additional 688 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Schlumberger by 1.0% during the 2nd quarter. Stifel Financial Corp now owns 1,187,702 shares of the oil and gas company’s stock valued at $78,201,000 after purchasing an additional 12,239 shares in the last quarter. Finally, Numeric Investors LLC grew its stake in Schlumberger by 20.9% in the 2nd quarter. Numeric Investors LLC now owns 23,100 shares of the oil and gas company’s stock valued at $1,521,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.
A number of research analysts recently issued reports on the stock. Argus assumed coverage on shares of Schlumberger in a research note on Monday, August 21st. They issued a “buy” rating on the stock. BidaskClub lowered shares of Schlumberger from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Barclays set a $70.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $70.00 price target (down from $86.00) on shares of Schlumberger in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average target price of $79.31.
Shares of Schlumberger Limited. (NYSE:SLB) traded up $1.47 during trading hours on Friday, hitting $63.54. 10,624,278 shares of the stock traded hands, compared to its average volume of 7,922,679. Schlumberger Limited. has a 12 month low of $61.02 and a 12 month high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. The firm has a market cap of $88,019.55, a PE ratio of 49.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. Schlumberger’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. sell-side analysts anticipate that Schlumberger Limited. will post 1.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is presently 512.83%.
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Schlumberger Company Profile
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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