Schlumberger Limited. (SLB) Stake Lowered by Somerville Kurt F

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Somerville Kurt F lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 67.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,915 shares of the oil and gas company’s stock after selling 16,770 shares during the period. Somerville Kurt F’s holdings in Schlumberger were worth $285,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Highwater Wealth Management LLC bought a new position in Schlumberger during the fourth quarter worth $45,000. IMS Capital Management acquired a new position in Schlumberger during the third quarter worth $46,000. First Command Bank raised its holdings in shares of Schlumberger by 337.7% in the fourth quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 1,155 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Schlumberger in the third quarter valued at about $131,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Schlumberger in the third quarter valued at about $132,000. Institutional investors own 77.07% of the company’s stock.

In other Schlumberger news, EVP Patrick Schorn bought 10,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was acquired at an average price of $37.55 per share, with a total value of $375,500.00. Following the transaction, the executive vice president now owns 35,000 shares in the company, valued at $1,314,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total value of $660,000.00. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Several brokerages have recently commented on SLB. HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a report on Sunday, December 2nd. Credit Suisse Group decreased their price objective on shares of Schlumberger from $82.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. UBS Group decreased their price objective on shares of Schlumberger from $92.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 22nd. Barclays set a $58.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a research report on Monday, December 10th. Finally, Citigroup cut their target price on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, January 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $66.65.

NYSE:SLB opened at $44.42 on Thursday. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43. The firm has a market capitalization of $58.83 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.31 and a beta of 1.36. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $8.18 billion for 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%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. As a group, analysts predict that Schlumberger Limited. will post 1.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s payout ratio is 123.46%.

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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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