Advisory Services Network LLC Has $1.33 Million Position in Schlumberger (SLB)

Advisory Services Network LLC grew its stake in shares of Schlumberger (NYSE:SLB) by 98.9% during the fourth quarter, HoldingsChannel reports. The firm owned 19,751 shares of the oil and gas company’s stock after purchasing an additional 9,823 shares during the period. Advisory Services Network LLC’s holdings in Schlumberger were worth $1,331,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Aviance Capital Management LLC acquired a new stake in Schlumberger during the second quarter worth approximately $100,000. FNY Partners Fund LP acquired a new position in shares of Schlumberger in the 4th quarter valued at $101,000. Rational Advisors LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $108,000. American Research & Management Co. increased its holdings in shares of Schlumberger by 81.1% in the 4th quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock valued at $117,000 after acquiring an additional 775 shares during the period. Finally, Legacy Advisors LLC acquired a new position in shares of Schlumberger in the 3rd quarter valued at $146,000. 79.90% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently commented on the stock. Cowen reaffirmed a “buy” rating and issued a $77.00 target price on shares of Schlumberger in a report on Friday. Jefferies Group set a $85.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Wednesday, April 4th. SunTrust Banks raised shares of Schlumberger from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. They noted that the move was a valuation call. Barclays set a $70.00 target price on shares of Schlumberger and gave the company a “hold” rating in a report on Saturday, March 24th. Finally, Credit Suisse Group set a $86.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Schlumberger has a consensus rating of “Buy” and a consensus price target of $81.08.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the sale, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mogharbel Khaled Al bought 3,000 shares of the firm’s stock in a transaction on Wednesday, March 28th. The shares were bought at an average price of $64.30 per share, for a total transaction of $192,900.00. Following the completion of the transaction, the insider now directly owns 30,482 shares in the company, valued at approximately $1,959,992.60. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 18,000 shares of company stock worth $1,163,650. 0.48% of the stock is currently owned by insiders.

NYSE:SLB opened at $67.95 on Monday. Schlumberger has a 1-year low of $61.02 and a 1-year high of $80.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market capitalization of $93,498.52, a P/E ratio of 45.30, a PEG ratio of 5.34 and a beta of 1.05.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period last year, the firm posted $0.27 EPS. Schlumberger’s quarterly revenue was up 15.1% on a year-over-year basis. analysts forecast that Schlumberger will post 2.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Wednesday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.94%. Schlumberger’s dividend payout ratio (DPR) is 133.33%.

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About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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