Peloton Wealth Strategists Has $882,000 Stake in Schlumberger Limited. (SLB)

Peloton Wealth Strategists reduced its stake in shares of Schlumberger Limited. (NYSE:SLB) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,400 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Peloton Wealth Strategists’ holdings in Schlumberger were worth $882,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its holdings in shares of Schlumberger by 103.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after purchasing an additional 8,167,945 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Schlumberger by 33.5% during the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after purchasing an additional 2,791,675 shares in the last quarter. Cambiar Investors LLC lifted its holdings in shares of Schlumberger by 53.8% during the 2nd quarter. Cambiar Investors LLC now owns 4,934,780 shares of the oil and gas company’s stock valued at $324,906,000 after purchasing an additional 1,726,174 shares in the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Schlumberger by 88.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 3,110,888 shares of the oil and gas company’s stock valued at $204,821,000 after purchasing an additional 1,462,060 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Schlumberger by 25.8% during the 1st quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock valued at $409,364,000 after purchasing an additional 1,075,000 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

In other news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

Several equities analysts have recently weighed in on the company. Argus assumed coverage on Schlumberger in a report on Monday, August 21st. They set a “buy” rating on the stock. BidaskClub cut Schlumberger from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Barclays set a $70.00 price objective on Schlumberger and gave the company a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks reiterated a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Finally, Citigroup lifted their price objective on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.31.

Shares of Schlumberger Limited. (SLB) traded up $1.88 during trading on Friday, hitting $64.73. The stock had a trading volume of 11,963,517 shares, compared to its average volume of 7,860,523. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84. The company has a market cap of $89,668.01, a PE ratio of 50.18, a P/E/G ratio of 1.98 and a beta of 1.02. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. analysts forecast that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s dividend payout ratio is currently 512.83%.

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Schlumberger Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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