Schlumberger Limited. (SLB) Shares Sold by Highstreet Asset Management Inc.

Highstreet Asset Management Inc. decreased its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,624 shares of the oil and gas company’s stock after selling 1,567 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Schlumberger were worth $1,255,000 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. Aviance Capital Management LLC bought a new stake in Schlumberger in the second quarter valued at approximately $100,000. FNY Partners Fund LP bought a new stake in Schlumberger in the fourth quarter valued at approximately $101,000. Mountain Capital Investment Advisors Inc bought a new stake in Schlumberger in the second quarter valued at approximately $107,000. Jacobi Capital Management LLC boosted its holdings in Schlumberger by 95.8% in 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 acquiring an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC bought a new stake in Schlumberger in the second quarter valued at approximately $137,000. 79.88% of the stock is owned by hedge funds and other institutional investors.

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SLB has been the topic of several analyst reports. Piper Jaffray Companies upped their target price on Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, January 19th. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Jefferies Group set a $78.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $73.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, B. Riley set a $80.00 price target on Schlumberger and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.26.

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

Schlumberger Limited. (NYSE SLB) opened at $64.14 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $80.89. The firm has a market capitalization of $88,765.46, a P/E ratio of -58.84, a PEG ratio of 4.94 and a beta of 1.03.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period in the prior year, the firm earned $0.27 earnings per share. Schlumberger’s revenue for the quarter was up 15.1% on a year-over-year basis. research analysts predict that Schlumberger Limited. will post 2.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is currently -183.49%.

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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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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