Bp Plc Has $7.31 Million Position in Schlumberger Limited. (SLB)

Bp Plc reduced its position in Schlumberger Limited. (NYSE:SLB) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the oil and gas company’s stock after selling 53,000 shares during the period. Bp Plc’s holdings in Schlumberger were worth $7,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Investment Advisors LLC grew its holdings in shares of Schlumberger by 5.3% during the second quarter. Capital Investment Advisors LLC now owns 14,461 shares of the oil and gas company’s stock worth $969,000 after buying an additional 733 shares in the last quarter. Portland Global Advisors LLC grew its holdings in shares of Schlumberger by 2.8% during the second quarter. Portland Global Advisors LLC now owns 28,240 shares of the oil and gas company’s stock worth $1,893,000 after buying an additional 770 shares in the last quarter. First Merchants Corp grew its holdings in shares of Schlumberger by 1.4% during the second quarter. First Merchants Corp now owns 54,946 shares of the oil and gas company’s stock worth $3,683,000 after buying an additional 778 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its holdings in shares of Schlumberger by 0.5% during the second quarter. Guyasuta Investment Advisors Inc. now owns 165,349 shares of the oil and gas company’s stock worth $11,083,000 after buying an additional 809 shares in the last quarter. Finally, Summit Securities Group LLC grew its holdings in shares of Schlumberger by 22.7% during the second quarter. Summit Securities Group LLC now owns 4,500 shares of the oil and gas company’s stock worth $302,000 after buying an additional 832 shares in the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.

In related news, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were bought at an average price of $60.31 per share, with a total value of $482,480.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Simon Ayat sold 60,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total transaction of $3,396,000.00. Following the completion of the transaction, the chief financial officer now directly owns 234,008 shares in the company, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Shares of SLB opened at $50.40 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.38. Schlumberger Limited. has a 12-month low of $50.00 and a 12-month high of $80.35. The stock has a market capitalization of $72.12 billion, a P/E ratio of 33.60, a PEG ratio of 5.14 and a beta of 1.03.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.57 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Schlumberger’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Schlumberger Limited. will post 1.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, December 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, December 4th. Schlumberger’s dividend payout ratio is currently 133.33%.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group upped their target price on shares of Schlumberger from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $80.00 target price on shares of Schlumberger in a report on Monday, July 23rd. Citigroup dropped their target price on shares of Schlumberger from $78.00 to $77.00 and set a “buy” rating for the company in a report on Monday, July 23rd. Jefferies Financial Group set a $80.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, Seaport Global Securities set a $72.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company. Schlumberger currently has a consensus rating of “Buy” and a consensus target price of $76.84.

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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.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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