State Treasurer State of Michigan Sells 15,600 Shares of Schlumberger Limited. (SLB)

State Treasurer State of Michigan decreased its stake in Schlumberger Limited. (NYSE:SLB) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 406,072 shares of the oil and gas company’s stock after selling 15,600 shares during the quarter. State Treasurer State of Michigan’s holdings in Schlumberger were worth $27,365,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SLB. Chatham Capital Group Inc. boosted its holdings in shares of Schlumberger by 5.2% in the 2nd quarter. Chatham Capital Group Inc. now owns 31,100 shares of the oil and gas company’s stock worth $2,048,000 after purchasing an additional 1,525 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Schlumberger by 7.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 6,865 shares of the oil and gas company’s stock valued at $452,000 after acquiring an additional 465 shares during the period. Bienville Capital Management LLC boosted its holdings in Schlumberger by 2.7% during the 2nd quarter. Bienville Capital Management LLC now owns 4,004 shares of the oil and gas company’s stock valued at $266,000 after acquiring an additional 105 shares during the period. Schroder Investment Management Group boosted its holdings in Schlumberger by 14.1% during the 2nd quarter. Schroder Investment Management Group now owns 2,476,018 shares of the oil and gas company’s stock valued at $161,882,000 after acquiring an additional 306,685 shares during the period. Finally, AMG National Trust Bank boosted its holdings in Schlumberger by 0.5% during the 2nd quarter. AMG National Trust Bank now owns 27,011 shares of the oil and gas company’s stock valued at $1,778,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 79.88% of the company’s stock.

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SLB has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $73.00 price objective 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 objective on Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group set a $78.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Cowen set a $85.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and an average target price of $81.26.

Schlumberger Limited. (NYSE:SLB) opened at $64.14 on Monday. The company has a market capitalization of $88,765.46, a price-to-earnings ratio of -58.84, a PEG ratio of 4.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $80.89.

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

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

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

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About Schlumberger

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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