Schlumberger Limited $SLB Position Trimmed by Blair William & Co. IL

Blair William & Co. IL lowered its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 43.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 59,363 shares of the oil and gas company's stock after selling 45,067 shares during the period. Blair William & Co. IL's holdings in Schlumberger were worth $2,006,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Mainstay Capital Management LLC ADV acquired a new stake in Schlumberger in the second quarter worth about $331,000. Muhlenkamp & Co. Inc. lifted its holdings in Schlumberger by 1.1% in the 2nd quarter. Muhlenkamp & Co. Inc. now owns 319,166 shares of the oil and gas company's stock valued at $10,788,000 after acquiring an additional 3,349 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in Schlumberger by 71.0% in the 2nd quarter. Tectonic Advisors LLC now owns 21,007 shares of the oil and gas company's stock valued at $710,000 after acquiring an additional 8,721 shares during the last quarter. Narwhal Capital Management lifted its holdings in Schlumberger by 106.0% in the 2nd quarter. Narwhal Capital Management now owns 117,557 shares of the oil and gas company's stock valued at $3,973,000 after acquiring an additional 60,482 shares during the last quarter. Finally, DMC Group LLC lifted its holdings in Schlumberger by 3.7% in the 2nd quarter. DMC Group LLC now owns 17,958 shares of the oil and gas company's stock valued at $607,000 after acquiring an additional 646 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Schlumberger from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Finally, Wells Fargo & Company lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.06.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares of the company's stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Schlumberger Stock Up 0.9%

Shares of Schlumberger stock opened at $32.55 on Wednesday. The stock has a market capitalization of $48.62 billion, a P/E ratio of 11.15, a PEG ratio of 8.97 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $34.50 and a two-hundred day moving average price of $34.73. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $44.97.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to analysts' expectations of $8.51 billion. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.Schlumberger's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd were given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Schlumberger's dividend payout ratio (DPR) is 39.04%.

Schlumberger Profile

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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