Private Wealth Advisors Inc. lessened its holdings in Schlumberger Limited. (NYSE:SLB) by 28.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,861 shares of the oil and gas company’s stock after selling 6,159 shares during the quarter. Private Wealth Advisors Inc.’s holdings in Schlumberger were worth $572,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bruderman Asset Management LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $33,000. Exane Asset Management bought a new position in Schlumberger during the fourth quarter valued at approximately $37,000. Highwater Wealth Management LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $45,000. IMS Capital Management bought a new position in Schlumberger during the third quarter valued at approximately $46,000. Finally, Lindbrook Capital LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 77.96% of the company’s stock.
In other Schlumberger news, EVP Patrick Schorn acquired 10,000 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was acquired at an average cost of $37.55 per share, with a total value of $375,500.00. Following the purchase, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $1,314,250. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
A number of research analysts recently weighed in on SLB shares. HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Bank of America restated a “buy” rating and set a $52.00 price objective (down previously from $69.00) on shares of Schlumberger in a research report on Monday, December 3rd. Zacks Investment Research upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Jefferies Financial Group decreased their price target on shares of Schlumberger to $54.00 and set a “buy” rating on the stock in a research report on Thursday, December 6th. Finally, JPMorgan Chase & Co. downgraded shares of Schlumberger from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $73.00 to $48.00 in a research report on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Schlumberger presently has an average rating of “Hold” and a consensus price target of $65.50.
SLB opened at $43.25 on Wednesday. The firm has a market cap of $60.10 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.34 and a beta of 1.34. Schlumberger Limited. has a fifty-two week low of $34.99 and a fifty-two week high of $75.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 0.87.
Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. Schlumberger’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. As a group, research analysts predict that Schlumberger Limited. will post 1.58 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $2.00 annualized dividend and a yield of 4.62%. Schlumberger’s payout ratio is 123.46%.
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Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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