Janney Capital Management LLC Increases Stock Holdings in Schlumberger Limited (NYSE:SLB)

Janney Capital Management LLC lifted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 39.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 162,408 shares of the oil and gas company's stock after purchasing an additional 46,177 shares during the quarter. Janney Capital Management LLC's holdings in Schlumberger were worth $6,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TCW Group Inc. boosted its holdings in shares of Schlumberger by 1.3% in the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after purchasing an additional 259 shares during the period. Vident Advisory LLC boosted its holdings in Schlumberger by 1.0% during the 4th quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock valued at $1,067,000 after acquiring an additional 273 shares during the period. Glen Eagle Advisors LLC boosted its holdings in Schlumberger by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company's stock valued at $301,000 after acquiring an additional 282 shares during the period. Cromwell Holdings LLC boosted its holdings in Schlumberger by 7.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after acquiring an additional 283 shares during the period. Finally, Laidlaw Wealth Management LLC boosted its holdings in Schlumberger by 1.3% during the 4th quarter. Laidlaw Wealth Management LLC now owns 23,085 shares of the oil and gas company's stock valued at $885,000 after acquiring an additional 305 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Trading Down 0.6%

SLB opened at $35.85 on Thursday. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 9.35 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The stock has a fifty day moving average price of $34.43 and a 200-day moving average price of $38.22.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The company's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.18%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is currently 38.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SLB shares. Morgan Stanley dropped their price objective on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Jefferies Financial Group dropped their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Barclays dropped their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Susquehanna dropped their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Finally, Wells Fargo & Company decreased their target price on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, June 5th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.38.

Insider Activity at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the sale, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. The trade was a 44.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director La Chevardiere Patrick De sold 5,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director now owns 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.

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