CapWealth Advisors LLC Sells 3,980 Shares of Schlumberger Limited. (SLB)
CapWealth Advisors LLC trimmed its position in shares of Schlumberger Limited. (NYSE:SLB) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,273 shares of the oil and gas company’s stock after selling 3,980 shares during the period. CapWealth Advisors LLC’s holdings in Schlumberger were worth $555,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SLB. HC Financial Advisors Inc. purchased a new stake in shares of Schlumberger during the fourth quarter worth approximately $1,131,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Schlumberger by 148.1% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 171,300 shares of the oil and gas company’s stock worth $10,782,000 after buying an additional 102,256 shares during the period. D.B. Root & Company LLC purchased a new stake in shares of Schlumberger during the first quarter worth approximately $614,000. Villere ST Denis J & Co. LLC increased its stake in shares of Schlumberger by 8.3% during the first quarter. Villere ST Denis J & Co. LLC now owns 154,686 shares of the oil and gas company’s stock worth $10,020,000 after buying an additional 11,850 shares during the period. Finally, Biondo Investment Advisors LLC increased its stake in shares of Schlumberger by 5.5% during the first quarter. Biondo Investment Advisors LLC now owns 99,742 shares of the oil and gas company’s stock worth $6,509,000 after buying an additional 5,225 shares during the period. Hedge funds and other institutional investors own 78.45% of the company’s stock.
A number of equities analysts recently issued reports on the company. Wells Fargo & Co upped their price target on Schlumberger from $76.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. Citigroup lowered their price target on Schlumberger from $84.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, June 13th. Credit Suisse Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Tuesday, June 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a report on Monday, July 23rd. Finally, Jefferies Financial Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Schlumberger currently has an average rating of “Buy” and an average price target of $79.57.
SLB stock opened at $61.23 on Friday. The company has a market capitalization of $84.18 billion, a PE ratio of 40.82, a PEG ratio of 5.54 and a beta of 0.96. Schlumberger Limited. has a twelve month low of $59.25 and a twelve month high of $80.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.85.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 20th. The oil and gas company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.35 billion. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. sell-side analysts predict that Schlumberger Limited. will post 1.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Wednesday, September 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Tuesday, September 4th. Schlumberger’s payout ratio is currently 133.33%.
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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