Citizens Financial Group Inc RI decreased its stake in shares of Schlumberger Limited. (NYSE:SLB) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,345 shares of the oil and gas company’s stock after selling 1,620 shares during the period. Citizens Financial Group Inc RI’s holdings in Schlumberger were worth $121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Schlumberger by 53.2% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 338,217 shares of the oil and gas company’s stock worth $12,203,000 after acquiring an additional 117,497 shares in the last quarter. Bremer Trust National Association increased its position in shares of Schlumberger by 11.0% in the fourth quarter. Bremer Trust National Association now owns 24,574 shares of the oil and gas company’s stock worth $886,000 after acquiring an additional 2,426 shares in the last quarter. Truehand Inc acquired a new stake in shares of Schlumberger in the fourth quarter worth $79,000. Bruderman Asset Management LLC acquired a new stake in shares of Schlumberger in the fourth quarter worth $33,000. Finally, Bernicke Wealth Management Ltd. increased its position in shares of Schlumberger by 15.1% in the fourth quarter. Bernicke Wealth Management Ltd. now owns 12,235 shares of the oil and gas company’s stock worth $441,000 after acquiring an additional 1,601 shares in the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Patrick Schorn acquired 10,000 shares of Schlumberger stock in a transaction on Thursday, December 20th. The shares were bought at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the purchase, the executive vice president now directly owns 35,000 shares in the company, valued at $1,314,250. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

NYSE SLB opened at $42.39 on Friday. Schlumberger Limited. has a 12 month low of $34.99 and a 12 month high of $75.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a market cap of $58.75 billion, a price-to-earnings ratio of 26.17, a P/E/G 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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The firm had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.10 billion. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, research analysts expect that Schlumberger Limited. will post 1.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 12th. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. Schlumberger’s dividend payout ratio (DPR) is 123.46%.

Several research analysts have recently weighed in on the stock. Bank of America restated a “buy” rating and issued a $52.00 target price (down from $69.00) on shares of Schlumberger in a research note on Monday, December 3rd. Credit Suisse Group set a $44.00 target price on shares of Schlumberger and gave the company a “hold” rating in a research note on Friday, January 18th. Zacks Investment Research upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. JPMorgan Chase & Co. downgraded shares of Schlumberger from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $73.00 to $48.00 in a research note on Tuesday, December 11th. Finally, Goldman Sachs Group assumed coverage on shares of Schlumberger in a research note on Sunday, March 10th. They issued a “buy” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Schlumberger presently has an average rating of “Hold” and an average price target of $65.50.

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Schlumberger Company 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.

See Also: Hedge Funds

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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