Curbstone Financial Management Corp lifted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 117.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,906 shares of the oil and gas company’s stock after purchasing an additional 17,793 shares during the period. Curbstone Financial Management Corp’s holdings in Schlumberger were worth $2,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new stake in Schlumberger in the 2nd quarter valued at about $100,000. Tradewinds Capital Management LLC raised its stake in Schlumberger by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger in the 2nd quarter valued at about $107,000. Jacobi Capital Management LLC raised its stake in Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 1,000 shares during the period. Finally, Atlantic Trust LLC bought a new stake in Schlumberger in the 2nd quarter valued at about $137,000. Institutional investors own 79.76% of the company’s stock.

In other news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

Schlumberger Limited. (NYSE SLB) traded down $0.28 during mid-day trading on Friday, reaching $62.09. The company’s stock had a trading volume of 14,571,631 shares, compared to its average volume of 8,097,760. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. The stock has a market cap of $86,010.91, a price-to-earnings ratio of 48.13, a PEG ratio of 1.90 and a beta of 1.01. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $87.84.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. sell-side analysts expect that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s payout ratio is 512.83%.

A number of equities research analysts recently issued reports on the company. Argus assumed coverage on Schlumberger in a research note on Monday, August 21st. They issued a “buy” rating on the stock. Barclays set a $70.00 price objective on Schlumberger and gave the company a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks restated a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective (down from $86.00) on shares of Schlumberger in a research note on Monday, October 16th. Finally, Citigroup boosted their price objective on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $79.31.

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Schlumberger 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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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