Gratus Capital LLC Acquires 19,204 Shares of Schlumberger (SLB)

Gratus Capital LLC grew its holdings in shares of Schlumberger (NYSE:SLB) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,108 shares of the oil and gas company’s stock after purchasing an additional 19,204 shares during the quarter. Gratus Capital LLC’s holdings in Schlumberger were worth $6,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SLB. Frontier Wealth Management LLC raised its holdings in Schlumberger by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after acquiring an additional 35 shares during the period. EagleClaw Capital Managment LLC raised its holdings in Schlumberger by 0.5% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 23,475 shares of the oil and gas company’s stock worth $1,545,000 after acquiring an additional 125 shares during the period. Meridian Investment Counsel Inc. raised its holdings in Schlumberger by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 10,044 shares of the oil and gas company’s stock worth $661,000 after acquiring an additional 175 shares during the period. Afam Capital Inc. raised its holdings in Schlumberger by 1.2% in the 2nd quarter. Afam Capital Inc. now owns 15,121 shares of the oil and gas company’s stock worth $996,000 after acquiring an additional 183 shares during the period. Finally, Adalta Capital Management LLC raised its holdings in Schlumberger by 0.4% in the 2nd quarter. Adalta Capital Management LLC now owns 55,047 shares of the oil and gas company’s stock worth $3,652,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

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In related news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, 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. Insiders have purchased a total of 18,000 shares of company stock valued at $1,163,650 over the last three months. 0.48% of the stock is currently owned by insiders.

Several brokerages recently commented on SLB. Jefferies Group set a $85.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Wednesday, April 4th. SunTrust Banks upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. Barclays set a $70.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research report on Saturday, March 24th. Cowen restated a “buy” rating and issued a $81.00 price target on shares of Schlumberger in a research report on Thursday, March 15th. Finally, Credit Suisse Group set a $86.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.23.

Shares of Schlumberger stock opened at $64.36 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 has a twelve month low of $61.02 and a twelve month high of $80.89. The stock has a market cap of $89,069.93, a PE ratio of 42.91, a price-to-earnings-growth ratio of 5.08 and a beta of 1.05.

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, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. research analysts forecast that Schlumberger will post 2.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently 133.33%.

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Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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