Boys Arnold & Co. Inc. Sells 2,214 Shares of Schlumberger Limited. (SLB)

Boys Arnold & Co. Inc. lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,853 shares of the oil and gas company’s stock after selling 2,214 shares during the period. Boys Arnold & Co. Inc.’s holdings in Schlumberger were worth $3,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SLB. Harding Loevner LP lifted its holdings in Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares during the last quarter. Dodge & Cox raised its holdings in shares of Schlumberger by 12.8% during the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. Capital International Investors raised its holdings in shares of Schlumberger by 74.8% during the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock valued at $699,798,000 after buying an additional 4,294,058 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Schlumberger by 2.9% during the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after buying an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Schlumberger by 13.8% during 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 buying an additional 1,993,829 shares during the last quarter. 79.88% of the stock is currently owned by hedge funds and other institutional investors.

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In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Schlumberger stock opened at $64.14 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The stock has a market cap of $90,675.29, a P/E ratio of -58.84, a price-to-earnings-growth ratio of 5.05 and a beta of 1.03. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $80.89.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. equities analysts forecast that Schlumberger Limited. will post 2.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is -183.49%.

A number of equities research analysts have recently weighed in on SLB shares. Royal Bank of Canada set a $73.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, December 21st. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. B. Riley set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group set a $78.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Cowen set a $85.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $81.44.

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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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