Dowling & Yahnke LLC Sells 815 Shares of Schlumberger (SLB)

Dowling & Yahnke LLC decreased its stake in shares of Schlumberger (NYSE:SLB) by 2.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 40,041 shares of the oil and gas company’s stock after selling 815 shares during the period. Dowling & Yahnke LLC’s holdings in Schlumberger were worth $2,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SLB. Harding Loevner LP lifted its holdings in Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after purchasing an additional 129,289,552 shares in the last quarter. Capital International Investors lifted its holdings in Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after purchasing an additional 4,294,058 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Schlumberger by 25.6% during the 4th quarter. Franklin Resources Inc. now owns 13,240,530 shares of the oil and gas company’s stock worth $892,278,000 after purchasing an additional 2,696,580 shares in the last quarter. Northern Cross LLC lifted its holdings in Schlumberger by 15.3% during the 4th quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock worth $1,337,870,000 after purchasing an additional 2,637,527 shares in the last quarter. Finally, International Value Advisers LLC purchased a new stake in Schlumberger during the 4th quarter worth about $146,182,000. 80.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SLB opened at $74.29 on Monday. The stock has a market cap of $102.89 billion, a P/E ratio of 49.53, a PEG ratio of 6.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.11. Schlumberger has a 1-year low of $61.02 and a 1-year high of $80.35.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.79 billion. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. Schlumberger’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. equities analysts expect that Schlumberger will post 2.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Wednesday, June 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.69%. Schlumberger’s dividend payout ratio is 133.33%.

In other news, EVP Patrick Schorn acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were bought at an average cost of $64.79 per share, with a total value of $323,950.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paal Kibsgaard acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were purchased at an average cost of $64.68 per share, for a total transaction of $646,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 18,000 shares of company stock worth $1,163,650. 0.48% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the company. SunTrust Banks increased their price objective on Schlumberger from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Barclays set a $75.00 price target on Schlumberger and gave the company a “hold” rating in a report on Tuesday, January 23rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $82.00 price target (up previously from $77.00) on shares of Schlumberger in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $79.80.

Schlumberger 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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