Financial Counselors Inc. decreased its stake in Schlumberger Limited. (NYSE:SLB) by 20.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,999 shares of the oil and gas company’s stock after selling 21,874 shares during the period. Financial Counselors Inc.’s holdings in Schlumberger were worth $5,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valley National Advisers Inc. lifted its holdings in shares of Schlumberger by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 8 shares during the last quarter. Frontier Wealth Management LLC increased its position in Schlumberger by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 35 shares during the period. Glassman Wealth Services increased its position in Schlumberger by 0.8% in the 2nd quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 44 shares during the period. Weybosset Research & Management LLC increased its position in Schlumberger by 0.9% in the 2nd quarter. Weybosset Research & Management LLC now owns 5,525 shares of the oil and gas company’s stock valued at $364,000 after acquiring an additional 50 shares during the period. Finally, Fernwood Investment Management LLC increased its position in Schlumberger by 1.2% in the 2nd quarter. Fernwood Investment Management LLC now owns 4,125 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 50 shares during the period. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Limited. (SLB) opened at $65.19 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $87,340.00, a price-to-earnings ratio of -59.81, a P/E/G ratio of 5.30 and a beta of 0.98. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $82.71.

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

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

Several analysts recently commented on the company. Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays set a $75.00 target price on Schlumberger and gave the company a “hold” rating in a research report on Tuesday, January 23rd. SunTrust Banks raised their target price on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Credit Suisse Group restated a “buy” rating and issued a $86.00 target price (up from $71.00) on shares of Schlumberger in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $82.29.

In related news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction 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 transaction, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger 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 transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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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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