Schlumberger Limited. (SLB) Stake Decreased by Gabalex Capital Management LLC

Gabalex Capital Management LLC lessened its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 50.0% during the first quarter, Holdings Channel reports. The institutional investor owned 100,000 shares of the oil and gas company’s stock after selling 100,000 shares during the quarter. Schlumberger accounts for 1.3% of Gabalex Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Gabalex Capital Management LLC’s holdings in Schlumberger were worth $4,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SLB. HC Financial Advisors Inc. lifted its position in shares of Schlumberger by 44.0% during the 3rd quarter. HC Financial Advisors Inc. now owns 24,373 shares of the oil and gas company’s stock valued at $1,485,000 after buying an additional 7,444 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Schlumberger by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 108,726,647 shares of the oil and gas company’s stock valued at $6,623,627,000 after buying an additional 735,605 shares in the last quarter. GW Henssler & Associates Ltd. lifted its position in shares of Schlumberger by 10.2% during the 4th quarter. GW Henssler & Associates Ltd. now owns 195,402 shares of the oil and gas company’s stock valued at $7,050,000 after buying an additional 18,023 shares in the last quarter. Longer Investments Inc. purchased a new position in shares of Schlumberger during the 4th quarter valued at about $1,774,000. Finally, Eukles Asset Management purchased a new position in shares of Schlumberger during the 4th quarter valued at about $290,000. 77.85% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on SLB. Jefferies Financial Group cut Schlumberger from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Friday, March 15th. Tudor Pickering cut Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research report on Monday, April 22nd. Royal Bank of Canada lowered their price objective on Schlumberger to $51.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Goldman Sachs Group began coverage on Schlumberger in a research report on Sunday, March 10th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the company a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.16.

In other news, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,152,500.00. Following the sale, the chief financial officer now directly owns 255,971 shares of the company’s stock, valued at approximately $11,800,263.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the sale, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

NYSE SLB opened at $37.49 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 1.35. Schlumberger Limited. has a 12 month low of $34.99 and a 12 month high of $72.72. The company has a market capitalization of $54.71 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.64 and a beta of 1.31.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts forecast that Schlumberger Limited. will post 1.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 5.33%. Schlumberger’s dividend payout ratio is presently 123.46%.

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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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