Schlumberger Limited. (SLB) Holdings Reduced by KCM Investment Advisors LLC

KCM Investment Advisors LLC lessened its position in Schlumberger Limited. (NYSE:SLB) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,648 shares of the oil and gas company’s stock after selling 540 shares during the period. KCM Investment Advisors LLC’s holdings in Schlumberger were worth $504,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of SLB. Tradewinds Capital Management LLC boosted its holdings in shares of Schlumberger by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares during the period. Proficio Capital Partners LLC boosted its holdings in Schlumberger by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 310 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares during the last quarter. Independence Advisors LLC acquired a new position in Schlumberger during the second quarter worth $288,000. Finally, Point View Wealth Management Inc. boosted its holdings in Schlumberger by 6.6% during the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 160 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

SLB has been the subject of several recent research reports. Deutsche Bank initiated coverage on shares of Schlumberger in a report on Tuesday, October 10th. They set a “buy” rating and a $78.00 target price for the company. Royal Bank Of Canada set a $86.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 7th. Cowen set a $80.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Friday, October 6th. Citigroup increased their target price on shares of Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Jefferies Group restated a “buy” rating and set a $80.00 target price on shares of Schlumberger in a report on Friday, September 29th. One research 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 issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $79.31.

In other news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

Schlumberger Limited. (SLB) traded down $0.65 during midday trading on Wednesday, reaching $63.45. 8,212,700 shares of the company’s stock traded hands, compared to its average volume of 7,097,588. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $87.84. The company has a market capitalization of $89,487.92, a price-to-earnings ratio of 50.08, a P/E/G ratio of 1.97 and a beta of 1.01.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. sell-side analysts expect that Schlumberger Limited. will post 1.47 EPS 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s payout ratio is presently 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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