Citizens Financial Group Inc. RI reduced its position in Schlumberger Limited. (NYSE:SLB) by 8.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,724 shares of the oil and gas company’s stock after selling 1,105 shares during the period. Citizens Financial Group Inc. RI’s holdings in Schlumberger were worth $888,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SLB. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger in the second quarter worth about $100,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Schlumberger in the second quarter worth about $107,000. Tradewinds Capital Management LLC lifted its position in shares of Schlumberger by 22.3% in the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares in the last quarter. Jacobi Capital Management LLC lifted its position in shares of Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC purchased a new stake in shares of Schlumberger in the second quarter worth about $137,000. Institutional investors own 79.30% of the company’s stock.

In related news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 138,827 shares of the company’s stock, valued at $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 that occurred on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on SLB shares. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective (down from $86.00) on shares of Schlumberger in a research report on Monday, October 16th. FBR & Co restated a “buy” rating on shares of Schlumberger in a research report on Friday, October 20th. Piper Jaffray Companies set a $74.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. Scotiabank set a $80.00 price objective on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. Finally, Morgan Stanley decreased their price objective on Schlumberger from $90.00 to $81.00 and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Schlumberger presently has an average rating of “Buy” and an average price target of $82.29.

Schlumberger Limited. (SLB) opened at $65.19 on Friday. Schlumberger Limited. has a 52 week low of $61.02 and a 52 week high of $82.71. The stock has a market capitalization of $90,310.00, a P/E ratio of -59.81, a P/E/G ratio of 5.12 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Schlumberger’s revenue was up 15.1% compared to the same quarter last year. analysts expect that Schlumberger Limited. will post 2.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 3.07%. Schlumberger’s dividend payout ratio (DPR) is currently -183.49%.

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Schlumberger Profile

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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