Founders Capital Management lowered its position in Schlumberger Limited. (NYSE:SLB) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,804 shares of the oil and gas company’s stock after selling 6,310 shares during the period. Schlumberger makes up about 1.4% of Founders Capital Management’s investment portfolio, making the stock its 26th biggest position. Founders Capital Management’s holdings in Schlumberger were worth $1,739,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aviance Capital Management LLC acquired a new stake in Schlumberger during the 2nd quarter valued at $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in Schlumberger during the 2nd quarter valued at $107,000. Jacobi Capital Management LLC grew its holdings in Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 1,000 shares during the last quarter. Atlantic Trust LLC acquired a new stake in Schlumberger during the 2nd quarter valued at $137,000. Finally, Legacy Advisors LLC purchased a new position in shares of Schlumberger during the 3rd quarter worth $146,000. Institutional investors and hedge funds own 78.94% of the company’s stock.
In related news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the sale, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
SLB has been the topic of a number of recent analyst reports. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Jefferies Group set a $78.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. B. Riley set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. SunTrust Banks increased their price target on Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.59.
Schlumberger Limited. (NYSE SLB) opened at $66.63 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The firm has a market capitalization of $92,300.00, a price-to-earnings ratio of -58.45, a P/E/G ratio of 5.05 and a beta of 1.03. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $80.89.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. analysts predict that Schlumberger Limited. will post 2.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is currently -175.44%.
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.
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