Schlumberger Limited. (SLB) Holdings Trimmed by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lowered its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,286 shares of the oil and gas company’s stock after selling 3,098 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Schlumberger were worth $2,462,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aviance Capital Management LLC bought a new stake in Schlumberger during the 2nd quarter valued at $100,000. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger during the 2nd quarter valued at $107,000. Tradewinds Capital Management LLC raised its stake in Schlumberger by 22.3% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 298 shares in the last quarter. Jacobi Capital Management LLC raised its stake in Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC bought a new stake in Schlumberger during the 2nd quarter valued at $137,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Limited. (NYSE:SLB) opened at $76.37 on Friday. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $87.84. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $105,790.00, a price-to-earnings ratio of 195.82, a PEG ratio of 1.59 and a beta of 1.01.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Schlumberger’s revenue for the quarter was up 12.6% compared to the same quarter last year. analysts expect that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.

In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger 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 owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company’s stock.

A number of analysts have recently commented on SLB shares. Deutsche Bank started coverage on Schlumberger in a research note on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price objective on the stock. Royal Bank of Canada set a $86.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 7th. Cowen set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Friday, October 6th. Citigroup boosted their price objective on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Jefferies Group reissued a “buy” rating and issued a $80.00 price objective on shares of Schlumberger in a research note on Friday, September 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Schlumberger currently has a consensus rating of “Buy” and a consensus price target of $79.56.

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Schlumberger Company 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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