State Board of Administration of Florida Retirement System Lowers Holdings in Schlumberger Limited. (SLB)

State Board of Administration of Florida Retirement System lessened its position in Schlumberger Limited. (NYSE:SLB) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,040,298 shares of the oil and gas company’s stock after selling 5,520 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of Schlumberger worth $142,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger during the second quarter worth about $100,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Schlumberger during the second quarter worth about $107,000. Tradewinds Capital Management LLC boosted its holdings in shares of Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 298 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares during the period. Finally, Atlantic Trust LLC purchased a new stake in shares of Schlumberger during the second quarter worth about $137,000. 79.31% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 21st. FBR & Co reissued a “buy” rating on shares of Schlumberger in a research note on Friday, October 20th. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group set a $71.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $79.56.

In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.

Shares of Schlumberger Limited. (NYSE SLB) opened at $77.97 on Friday. Schlumberger Limited. has a fifty-two week low of $61.02 and a fifty-two week high of $87.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The stock has a market cap of $108,010.00, a P/E ratio of 199.92, a P/E/G ratio of 1.59 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 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $7.91 billion for 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%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. analysts expect that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Tuesday, December 5th. Schlumberger’s dividend payout ratio is presently 512.82%.

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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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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