Schlumberger Limited. (NYSE:SLB) Shares Bought by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lifted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 11.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 170,492 shares of the oil and gas company’s stock after acquiring an additional 17,915 shares during the period. Schlumberger comprises about 1.3% of Mcdaniel Terry & Co.’s holdings, making the stock its 26th biggest position. Mcdaniel Terry & Co.’s holdings in Schlumberger were worth $7,428,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. CX Institutional increased its holdings in shares of Schlumberger by 158.4% in the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after buying an additional 396 shares during the period. Old North State Trust LLC increased its holdings in shares of Schlumberger by 100.2% in the first quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock worth $37,000 after buying an additional 436 shares during the period. Lenox Wealth Management Inc. increased its holdings in shares of Schlumberger by 41.1% in the first quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock worth $38,000 after buying an additional 256 shares during the period. Berman Capital Advisors LLC purchased a new position in shares of Schlumberger in the fourth quarter worth about $31,000. Finally, Riverview Trust Co increased its holdings in shares of Schlumberger by 94.6% in the first quarter. Riverview Trust Co now owns 899 shares of the oil and gas company’s stock worth $39,000 after buying an additional 437 shares during the period. 77.22% of the stock is owned by institutional investors.

Shares of NYSE:SLB traded down $0.24 on Wednesday, hitting $36.45. 3,280,180 shares of the company were exchanged, compared to its average volume of 10,269,610. Schlumberger Limited. has a 1-year low of $34.46 and a 1-year high of $70.47. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $50.09 billion, a P/E ratio of 22.50, a PEG ratio of 1.47 and a beta of 1.39.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The company had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited. will post 1.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 5.49%. Schlumberger’s payout ratio is presently 123.46%.

Several analysts recently issued reports on SLB shares. Barclays cut their target price on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Tudor Pickering cut Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research report on Monday, April 22nd. SunTrust Banks boosted their price target on Schlumberger to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group initiated coverage on Schlumberger in a research report on Sunday, March 10th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Jefferies Financial Group lowered shares of Schlumberger from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $45.00 in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Schlumberger presently has a consensus rating of “Hold” and an average target price of $55.78.

In other Schlumberger news, insider Alexander C. Juden sold 8,643 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.29, for a total value of $374,155.47. Following the transaction, the insider now directly owns 70,260 shares in the company, valued at approximately $3,041,555.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Simon Ayat sold 25,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $46.10, for a total transaction of $1,152,500.00. Following the completion of the transaction, the chief financial officer now owns 255,971 shares in the company, valued at $11,800,263.10. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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