Zeke Capital Advisors LLC increased its stake in shares of Schlumberger Limited. (NYSE:SLB) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,720 shares of the oil and gas company’s stock after purchasing an additional 1,277 shares during the quarter. Schlumberger makes up about 0.6% of Zeke Capital Advisors LLC’s portfolio, making the stock its 28th largest holding. Zeke Capital Advisors LLC’s holdings in Schlumberger were worth $7,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in SLB. Mainstay Capital Management LLC ADV grew its holdings in Schlumberger by 3,884.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 6,603 shares during the last quarter. Zions Bancorporation bought a new stake in Schlumberger during the 3rd quarter worth approximately $131,000. Truvestments Capital LLC bought a new stake in Schlumberger during the 3rd quarter worth approximately $132,000. Whitener Capital Management Inc. bought a new stake in Schlumberger during the 3rd quarter worth approximately $137,000. Finally, Moneta Group Investment Advisors LLC grew its holdings in Schlumberger by 909.1% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 20,137 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

A number of equities research analysts have weighed in on SLB shares. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Jefferies Financial Group reduced their target price on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th. Citigroup reduced their price objective on shares of Schlumberger from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Tudor Pickering lowered shares of Schlumberger from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.94.

In related news, CFO Simon Ayat sold 60,000 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total transaction of $3,396,000.00. Following the transaction, the chief financial officer now directly owns 234,008 shares of the company’s stock, valued at $13,244,852.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average cost of $60.31 per share, for a total transaction of $482,480.00. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

NYSE:SLB opened at $48.31 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. Schlumberger Limited. has a 52 week low of $47.07 and a 52 week high of $80.35. The firm has a market capitalization of $66.78 billion, a PE ratio of 32.21, a PEG ratio of 4.76 and a beta of 1.03.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.57 billion. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. Equities research analysts forecast that Schlumberger Limited. will post 1.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.14%. The ex-dividend date is Tuesday, December 4th. Schlumberger’s dividend payout ratio is presently 133.33%.

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About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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