Cribstone Capital Management LLC Has $39,000 Position in Schlumberger Limited. (SLB)

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Cribstone Capital Management LLC lessened its stake in Schlumberger Limited. (NYSE:SLB) by 85.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 887 shares of the oil and gas company’s stock after selling 5,177 shares during the quarter. Cribstone Capital Management LLC’s holdings in Schlumberger were worth $39,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CX Institutional raised its stake in Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 396 shares in the last quarter. Highwater Wealth Management LLC acquired a new position in Schlumberger during the fourth quarter worth about $45,000. IMS Capital Management acquired a new position in Schlumberger during the third quarter worth about $46,000. Old North State Trust LLC raised its stake in Schlumberger by 100.2% during the first quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 436 shares in the last quarter. Finally, Berman Capital Advisors LLC acquired a new position in Schlumberger during the fourth quarter worth about $31,000. 78.94% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SLB opened at $47.41 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $75.43. The company has a market cap of $65.61 billion, a PE ratio of 29.27, a PEG ratio of 2.50 and a beta of 1.33.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.10 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Schlumberger’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts predict that Schlumberger Limited. will post 1.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Wednesday, February 13th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Tuesday, February 12th. Schlumberger’s payout ratio is 123.46%.

In other news, EVP Peuch Olivier Le sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Several brokerages have commented on SLB. Barclays lowered their target price on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Raymond James reissued a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a research note on Friday, March 15th. Goldman Sachs Group assumed coverage on Schlumberger in a research note on Sunday, March 10th. They set a “buy” rating and a $55.00 target price for the company. Finally, Zacks Investment Research upgraded Schlumberger from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $65.00.

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Schlumberger Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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