Country Trust Bank Increases Position in Schlumberger Limited. (SLB)

Country Trust Bank increased its stake in Schlumberger Limited. (NYSE:SLB) by 12.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 396,341 shares of the oil and gas company’s stock after acquiring an additional 44,469 shares during the period. Country Trust Bank’s holdings in Schlumberger were worth $27,649,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SLB. Aviance Capital Management LLC purchased a new stake in Schlumberger during the second quarter valued at about $100,000. Mountain Capital Investment Advisors Inc purchased a new stake in Schlumberger during the second quarter valued at about $107,000. Tradewinds Capital Management LLC boosted its position in Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 298 shares during the period. Jacobi Capital Management LLC boosted its position 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 valued at $134,000 after buying an additional 1,000 shares during the period. Finally, Atlantic Trust LLC purchased a new stake in Schlumberger during the second quarter valued at about $137,000. Institutional investors own 79.30% of the company’s stock.

In related 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 completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is owned by corporate insiders.

Several research firms have issued reports on SLB. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Jefferies Group restated a “buy” rating and set a $80.00 price target on shares of Schlumberger in a research report on Friday, September 29th. Loop Capital cut their price target on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 7th. Finally, SunTrust Banks restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $79.37.

Schlumberger Limited. (SLB) opened at $73.60 on Friday. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84. The stock has a market cap of $101,960.00, a PE ratio of 188.72, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.

Schlumberger (NYSE:SLB) last released 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 Zacks’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. Schlumberger’s revenue was up 12.6% on a year-over-year basis. analysts anticipate that Schlumberger Limited. will post 1.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s payout ratio is currently 512.82%.

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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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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