Mcdonald Capital Investors Inc. CA Has $1.67 Million Holdings in Schlumberger Limited. (NYSE:SLB)

Mcdonald Capital Investors Inc. CA cut its position in Schlumberger Limited. (NYSE:SLB) by 10.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,000 shares of the oil and gas company’s stock after selling 5,000 shares during the quarter. Schlumberger makes up about 0.1% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 14th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Schlumberger were worth $1,669,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SLB. Lenox Wealth Management Inc. lifted its holdings in shares of Schlumberger by 41.1% during the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 256 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Schlumberger by 1.0% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,410 shares of the oil and gas company’s stock worth $1,010,000 after acquiring an additional 262 shares during the period. Pendal Group Ltd lifted its holdings in shares of Schlumberger by 1.5% during the 2nd quarter. Pendal Group Ltd now owns 18,636 shares of the oil and gas company’s stock worth $703,000 after acquiring an additional 269 shares during the period. Monarch Capital Management Inc. lifted its holdings in shares of Schlumberger by 1.3% during the 1st quarter. Monarch Capital Management Inc. now owns 21,414 shares of the oil and gas company’s stock worth $933,000 after acquiring an additional 285 shares during the period. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of Schlumberger by 2.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 10,746 shares of the oil and gas company’s stock worth $471,000 after acquiring an additional 286 shares during the period. Institutional investors and hedge funds own 77.19% of the company’s stock.

In other Schlumberger news, insider Stephanie Cox sold 24,057 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $40.59, for a total value of $976,473.63. Following the completion of the transaction, the insider now directly owns 46,354 shares of the company’s stock, valued at $1,881,508.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Patrick Schorn sold 12,151 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $38.93, for a total transaction of $473,038.43. Following the completion of the transaction, the executive vice president now directly owns 130,000 shares of the company’s stock, valued at $5,060,900. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

A number of equities analysts have recently commented on the stock. Piper Jaffray Companies set a $40.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, July 1st. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a report on Friday, June 21st. JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Gabelli began coverage on shares of Schlumberger in a report on Thursday, June 27th. They set a “buy” rating and a $55.00 price target for the company. Finally, Bank of America reissued a “buy” rating and set a $51.00 price target (down from $60.00) on shares of Schlumberger in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Schlumberger presently has an average rating of “Hold” and an average price target of $52.17.

SLB stock traded down $1.31 during trading on Friday, hitting $32.40. 647,693 shares of the stock traded hands, compared to its average volume of 10,566,533. Schlumberger Limited. has a one year low of $31.11 and a one year high of $65.57. The stock has a market cap of $46.88 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 2.12 and a beta of 1.44. The company has a 50 day simple moving average of $37.48 and a 200 day simple moving average of $40.54. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The company had revenue of $8.27 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was down .4% on a year-over-year basis. As a group, analysts predict that Schlumberger Limited. will post 1.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Wednesday, September 4th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s dividend payout ratio is presently 123.46%.

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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