Schlumberger Limited. (NYSE:SLB) Shares Sold by Rothschild Investment Corp IL

Rothschild Investment Corp IL lessened its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 57.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,494 shares of the oil and gas company’s stock after selling 27,135 shares during the period. Rothschild Investment Corp IL’s holdings in Schlumberger were worth $700,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Schlumberger by 1.5% during the second quarter. Vanguard Group Inc. now owns 112,662,996 shares of the oil and gas company’s stock worth $4,477,227,000 after acquiring an additional 1,715,548 shares during the period. BlackRock Inc. grew its holdings in Schlumberger by 2.7% during the second quarter. BlackRock Inc. now owns 89,868,836 shares of the oil and gas company’s stock worth $3,571,386,000 after acquiring an additional 2,340,320 shares during the period. Bank of New York Mellon Corp grew its holdings in Schlumberger by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 27,028,270 shares of the oil and gas company’s stock worth $1,074,104,000 after acquiring an additional 96,574 shares during the period. Invesco Ltd. grew its holdings in Schlumberger by 57.3% during the second quarter. Invesco Ltd. now owns 16,703,642 shares of the oil and gas company’s stock worth $663,804,000 after acquiring an additional 6,087,455 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Schlumberger by 9.7% during the first quarter. Clearbridge Investments LLC now owns 13,660,190 shares of the oil and gas company’s stock worth $595,174,000 after acquiring an additional 1,203,997 shares during the period. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SLB opened at $32.48 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. Schlumberger Limited. has a 52-week low of $30.65 and a 52-week high of $61.19. The stock’s fifty day simple moving average is $34.16 and its 200-day simple moving average is $38.17. The company has a market capitalization of $42.73 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.37 and a beta of 1.49.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Schlumberger had a return on equity of 5.62% and a net margin of 6.38%. The business had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts anticipate that Schlumberger Limited. will post 1.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.00 annualized dividend and a dividend yield of 6.16%. Schlumberger’s dividend payout ratio is currently 123.46%.

In other news, insider Stephanie Cox sold 24,057 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $40.59, for a total value of $976,473.63. Following the sale, the insider now directly owns 46,354 shares in the company, valued at $1,881,508.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick Schorn sold 12,151 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $38.93, for a total value of $473,038.43. Following the completion of the sale, the executive vice president now owns 130,000 shares in the company, valued at $5,060,900. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on Schlumberger from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Schlumberger from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Barclays raised Schlumberger from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $45.00 to $50.00 in a report on Monday, September 16th. Piper Jaffray Companies set a $40.00 target price on Schlumberger and gave the company a “buy” rating in a report on Monday, July 1st. Finally, ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $49.39.

Schlumberger Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

Further Reading: Cash Asset Ratio

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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