Schlumberger Limited. (SLB) Shares Sold by BB&T Corp

BB&T Corp lowered its stake in shares of Schlumberger Limited. (NYSE:SLB) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,402 shares of the oil and gas company’s stock after selling 12,254 shares during the quarter. BB&T Corp’s holdings in Schlumberger were worth $16,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its position in 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 worth $1,055,136,000 after purchasing an additional 8,167,945 shares in the last quarter. Dodge & Cox increased its position in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after purchasing an additional 5,494,165 shares in the last quarter. American Century Companies Inc. increased its position in 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 worth $731,990,000 after purchasing an additional 2,791,675 shares in the last quarter. Vanguard Group Inc. increased its position in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after purchasing an additional 2,790,227 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Schlumberger by 13.8% in the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after acquiring an additional 1,993,829 shares in the last quarter. 79.32% of the stock is owned by institutional investors.

In related news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.

Several brokerages have issued reports on SLB. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 21st. FBR & Co reaffirmed a “buy” rating on shares of Schlumberger in a research report on Friday, October 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Schlumberger in a research report on Wednesday, September 6th. Finally, Credit Suisse Group set a $71.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research report on Monday, October 23rd. 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 assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.42.

Schlumberger Limited. (NYSE:SLB) opened at $67.44 on Friday. The company has a market capitalization of $93,420.00, a P/E ratio of 172.92, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. sell-side analysts anticipate that Schlumberger Limited. will post 1.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is presently 512.82%.

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About Schlumberger

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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