Stephens Inc. AR cut its position in Schlumberger Limited. (NYSE:SLB) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,715 shares of the oil and gas company’s stock after selling 15,666 shares during the quarter. Stephens Inc. AR’s holdings in Schlumberger were worth $2,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SLB. Highwater Wealth Management LLC purchased a new position in Schlumberger during the fourth quarter worth about $45,000. IMS Capital Management purchased a new position in Schlumberger during the third quarter worth about $46,000. Exane Asset Management purchased a new position in Schlumberger during the fourth quarter worth about $37,000. Lindbrook Capital LLC purchased a new position in Schlumberger during the fourth quarter worth about $49,000. Finally, First Command Bank grew its position in Schlumberger by 337.7% during the fourth quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after buying an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Several equities analysts recently commented on SLB shares. HSBC upgraded Schlumberger from a “hold” rating to a “buy” rating in a research report on Sunday, December 2nd. JPMorgan Chase & Co. cut Schlumberger from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $73.00 to $48.00 in a research report on Tuesday, December 11th. Bank of America restated a “buy” rating and set a $52.00 target price (down from $69.00) on shares of Schlumberger in a research report on Monday, December 3rd. Citigroup reduced their target price on Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, January 4th. Finally, Credit Suisse Group cut Schlumberger from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $65.00 to $44.00 in a research report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $65.50.

In related news, EVP Patrick Schorn bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The stock was bought at an average cost of $37.55 per share, for a total transaction of $375,500.00. Following the acquisition, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $1,314,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction dated Tuesday, January 22nd. The shares were 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. 0.48% of the stock is currently owned by corporate insiders.

Shares of SLB traded down $0.51 during midday trading on Friday, reaching $42.58. The stock had a trading volume of 160,329 shares, compared to its average volume of 11,331,939. Schlumberger Limited. has a 12-month low of $34.99 and a 12-month high of $75.43. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $59.03 billion, a P/E ratio of 26.38, a PEG ratio of 2.30 and a beta of 1.34.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same period in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts predict that Schlumberger Limited. will post 1.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Wednesday, February 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s payout ratio is currently 123.46%.

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About Schlumberger

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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