Schlumberger Limited. (NYSE:SLB) Stock Position Lessened by Murphy Capital Management Inc.

Murphy Capital Management Inc. decreased its holdings in Schlumberger Limited. (NYSE:SLB) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,583 shares of the oil and gas company’s stock after selling 3,330 shares during the quarter. Murphy Capital Management Inc.’s holdings in Schlumberger were worth $429,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Quad Cities Investment Group LLC acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $32,000. Doyle Wealth Management acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $33,000. Meridian Wealth Management LLC acquired a new stake in shares of Schlumberger during the 1st quarter worth approximately $38,000. Finally, Shamrock Asset Management LLC grew its holdings in shares of Schlumberger by 49.6% during the 2nd quarter. Shamrock Asset Management LLC now owns 1,061 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 352 shares in the last quarter. 76.66% of the stock is owned by institutional investors.

Schlumberger stock opened at $32.48 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market capitalization of $42.73 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.49. Schlumberger Limited. has a one year low of $30.65 and a one year high of $61.19. The business has a 50 day simple moving average of $34.16 and a 200 day simple moving average of $38.17.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 19th. The oil and gas company reported $0.35 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $0.43 EPS. Schlumberger’s revenue was down .4% on a year-over-year basis. Equities analysts anticipate that Schlumberger Limited. will post 1.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 yield of 6.16%. Schlumberger’s payout ratio is 123.46%.

In other Schlumberger news, insider Stephanie Cox sold 24,057 shares of Schlumberger 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 completion of the transaction, the insider now owns 46,354 shares in the company, valued at approximately $1,881,508.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of Schlumberger 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 transaction, the executive vice president now owns 130,000 shares of the company’s stock, valued at approximately $5,060,900. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Several analysts have recently weighed in on SLB shares. Barclays raised Schlumberger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $50.00 in a report on Monday, September 16th. Raymond James reissued a “hold” rating on shares of Schlumberger in a report on Friday, June 21st. JPMorgan Chase & Co. decreased their price objective on Schlumberger from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Piper Jaffray Companies set a $40.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Monday, July 1st. Finally, AltaCorp Capital reissued an “outperform” rating on shares of Schlumberger in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus 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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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