Schlumberger Limited. (SLB) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. lessened its stake in Schlumberger Limited. (NYSE:SLB) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,436 shares of the oil and gas company’s stock after selling 1,420 shares during the quarter. DF Dent & Co. Inc.’s holdings in Schlumberger were worth $5,660,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Schlumberger by 909.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 20,137 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Schlumberger by 57.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,323 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 849 shares in the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in shares of Schlumberger in the first quarter worth $154,000. Squar Milner Financial Services LLC bought a new stake in shares of Schlumberger in the second quarter worth $157,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Schlumberger in the second quarter worth $182,000. Institutional investors own 78.45% of the company’s stock.

In other news, Director Michael E. Marks purchased 8,000 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were purchased at an average cost of $60.31 per share, with a total value of $482,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

A number of analysts have recently commented on SLB shares. Wells Fargo & Co boosted their price objective on shares of Schlumberger from $76.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, May 24th. Credit Suisse Group boosted their price objective on shares of Schlumberger from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Stifel Nicolaus started coverage on shares of Schlumberger in a research report on Monday, September 10th. They issued a “hold” rating and a $69.00 price objective on the stock. Finally, Citigroup cut their price objective on shares of Schlumberger from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the stock. Schlumberger currently has a consensus rating of “Buy” and an average price target of $79.57.

NYSE SLB opened at $61.23 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.12. Schlumberger Limited. has a 1 year low of $59.25 and a 1 year high of $80.35. The firm has a market cap of $84.18 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 5.54 and a beta of 0.96.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. equities research analysts anticipate that Schlumberger Limited. will post 1.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Wednesday, September 5th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is currently 133.33%.

About Schlumberger

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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