Texan Capital Management Has $852,000 Holdings in Schlumberger Limited. (SLB)

Texan Capital Management cut its holdings in Schlumberger Limited. (NYSE:SLB) by 10.3% in the 4th quarter, Holdings Channel reports. The fund owned 12,638 shares of the oil and gas company’s stock after selling 1,445 shares during the period. Texan Capital Management’s holdings in Schlumberger were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Frontier Wealth Management LLC increased its holdings in shares of Schlumberger by 0.4% during the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after buying an additional 35 shares during the last quarter. Choate Investment Advisors increased its holdings in shares of Schlumberger by 0.4% during the 2nd quarter. Choate Investment Advisors now owns 14,516 shares of the oil and gas company’s stock worth $956,000 after buying an additional 60 shares during the last quarter. EagleClaw Capital Managment LLC increased its holdings in shares of Schlumberger by 0.5% during 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 buying an additional 125 shares during the last quarter. Coastline Trust Co increased its holdings in shares of Schlumberger by 0.7% during the 2nd quarter. Coastline Trust Co now owns 18,902 shares of the oil and gas company’s stock worth $1,245,000 after buying an additional 139 shares during the last quarter. Finally, Capital Wealth Planning LLC increased its holdings in shares of Schlumberger by 3.8% during the 2nd quarter. Capital Wealth Planning LLC now owns 4,202 shares of the oil and gas company’s stock worth $277,000 after buying an additional 155 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

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NYSE:SLB opened at $64.78 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The stock has a market capitalization of $89,651.19, a price-to-earnings ratio of 43.19, a PEG ratio of 5.01 and a beta of 1.03. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $80.89.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. sell-side analysts expect that Schlumberger Limited. will post 2.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Schlumberger’s payout ratio is currently 133.33%.

In other news, CFO Simon Ayat sold 75,000 shares of the 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 transaction, the chief financial officer now owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was 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 in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. Insiders have bought 18,000 shares of company stock worth $1,163,650 in the last ninety days. Corporate insiders own 0.48% of the company’s stock.

A number of research firms have recently commented on SLB. Barclays set a $70.00 price objective on Schlumberger and gave the stock a “hold” rating in a report on Saturday, March 24th. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Schlumberger in a report on Thursday, March 15th. Credit Suisse Group set a $86.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Wednesday, March 14th. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded Schlumberger from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and an average target price of $80.96.

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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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