Horan Capital Advisors LLC. Has $570,000 Stake in Schlumberger Limited. (NYSE:SLB)

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Horan Capital Advisors LLC. boosted its holdings in Schlumberger Limited. (NYSE:SLB) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,678 shares of the oil and gas company’s stock after purchasing an additional 392 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Schlumberger were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. EagleClaw Capital Managment LLC raised its stake in Schlumberger by 2.3% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 27,703 shares of the oil and gas company’s stock worth $948,000 after purchasing an additional 613 shares in the last quarter. World Asset Management Inc raised its position in shares of Schlumberger by 6.3% in the 3rd quarter. World Asset Management Inc now owns 109,573 shares of the oil and gas company’s stock valued at $3,744,000 after buying an additional 6,470 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Schlumberger by 8.7% in the 3rd quarter. Moors & Cabot Inc. now owns 61,896 shares of the oil and gas company’s stock valued at $2,119,000 after buying an additional 4,970 shares in the last quarter. Villere ST Denis J & Co. LLC raised its position in shares of Schlumberger by 6.2% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 179,976 shares of the oil and gas company’s stock valued at $6,149,000 after buying an additional 10,460 shares in the last quarter. Finally, Cibc Bank USA raised its position in shares of Schlumberger by 32.0% in the 3rd quarter. Cibc Bank USA now owns 30,517 shares of the oil and gas company’s stock valued at $1,043,000 after buying an additional 7,393 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

In related news, VP Simon Farrant sold 5,000 shares of Schlumberger stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $33.55, for a total transaction of $167,750.00. Following the sale, the vice president now directly owns 20,316 shares of the company’s stock, valued at approximately $681,601.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Cox sold 24,057 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $40.59, for a total transaction of $976,473.63. Following the sale, the insider now directly owns 46,354 shares in the company, valued at $1,881,508.86. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Shares of Schlumberger stock traded up $1.37 during midday trading on Tuesday, hitting $34.96. 12,847,686 shares of the company traded hands, compared to its average volume of 12,769,826. The stock has a market cap of $44.68 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.50 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.01 and a current ratio of 1.29. The firm’s fifty day moving average price is $34.22 and its 200-day moving average price is $37.63. Schlumberger Limited. has a 12 month low of $30.65 and a 12 month high of $58.61.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.50 billion. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. Equities research analysts forecast that Schlumberger Limited. will post 1.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend is Tuesday, December 3rd. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their target price on shares of Schlumberger from $41.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Citigroup dropped their target price on shares of Schlumberger from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Friday. Bank of America dropped their target price on shares of Schlumberger from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Finally, TheStreet cut shares of Schlumberger from a “c” rating to a “d+” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.22.

About Schlumberger

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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