Citizens Financial Group Inc RI increased its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 16.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,899 shares of the oil and gas company’s stock after purchasing an additional 554 shares during the period. Citizens Financial Group Inc RI’s holdings in Schlumberger were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Armor Investment Advisors LLC purchased a new stake in Schlumberger during the 1st quarter worth approximately $200,000. Advisor Group Inc. increased its stake in Schlumberger by 27.2% during the 1st quarter. Advisor Group Inc. now owns 105,128 shares of the oil and gas company’s stock worth $4,581,000 after buying an additional 22,461 shares in the last quarter. Roundview Capital LLC increased its stake in Schlumberger by 20.0% during the 1st quarter. Roundview Capital LLC now owns 10,285 shares of the oil and gas company’s stock worth $448,000 after buying an additional 1,717 shares in the last quarter. Resource Management LLC increased its stake in Schlumberger by 10.0% during the 1st quarter. Resource Management LLC now owns 16,635 shares of the oil and gas company’s stock worth $725,000 after buying an additional 1,516 shares in the last quarter. Finally, Mcdaniel Terry & Co. increased its stake in Schlumberger by 11.7% during the 1st quarter. Mcdaniel Terry & Co. now owns 170,492 shares of the oil and gas company’s stock worth $7,428,000 after buying an additional 17,915 shares in the last quarter. Hedge funds and other institutional investors own 77.22% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Raymond James reiterated a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Stifel Nicolaus set a $50.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley set a $51.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $55.78.

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

SLB stock opened at $35.58 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $50.09 billion, a PE ratio of 21.96, a P/E/G ratio of 1.47 and a beta of 1.39. Schlumberger Limited. has a 1 year low of $34.46 and a 1 year high of $69.61.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $7.88 billion during the quarter, compared to analyst estimates of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. Equities research analysts predict that Schlumberger Limited. will post 1.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

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Schlumberger 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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