Quantum Capital Management Reduces Position in Schlumberger Limited. (SLB)

Quantum Capital Management lowered its stake in Schlumberger Limited. (NYSE:SLB) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,665 shares of the oil and gas company’s stock after selling 121 shares during the period. Quantum Capital Management’s holdings in Schlumberger Limited. were worth $1,147,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Smith Asset Management Group LP raised its position in Schlumberger Limited. by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 80 shares during the last quarter. WealthTrust Arizona LLC raised its stake in Schlumberger Limited. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the oil and gas company’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Roble Belko & Company Inc raised its stake in Schlumberger Limited. by 5.5% in the third quarter. Roble Belko & Company Inc now owns 1,445 shares of the oil and gas company’s stock worth $114,000 after buying an additional 75 shares in the last quarter. Cable Hill Partners LLC raised its stake in Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the oil and gas company’s stock worth $115,000 after buying an additional 311 shares in the last quarter. Finally, Jacobus Wealth Management Inc. bought a new stake in Schlumberger Limited. during the third quarter worth about $118,000. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Schlumberger Limited. (NYSE:SLB)

Schlumberger Limited. (NYSE:SLB) traded up 0.04% during trading on Thursday, reaching $76.51. The company’s stock had a trading volume of 8,041,415 shares. The firm’s market capitalization is $106.46 billion. The firm has a 50-day moving average price of $78.77 and a 200-day moving average price of $81.55. Schlumberger Limited. has a 52 week low of $72.00 and a 52 week high of $87.84.

Schlumberger Limited. (NYSE:SLB) last posted its quarterly earnings data on Friday, January 20th. The oil and gas company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The company earned $7.11 billion during the quarter, compared to analyst estimates of $7.10 billion. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The company’s revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. On average, equities analysts anticipate that Schlumberger Limited. will post $1.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, February 13th. Schlumberger Limited.’s payout ratio is -169.49%.

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SLB has been the topic of a number of analyst reports. FBR & Co increased their price target on Schlumberger Limited. from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Credit Suisse Group AG increased their price objective on Schlumberger Limited. from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, January 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of Schlumberger Limited. in a report on Tuesday, March 28th. Vetr upgraded Schlumberger Limited. from a “buy” rating to a “strong-buy” rating and set a $95.37 price objective on the stock in a report on Wednesday, December 28th. Finally, Stephens downgraded Schlumberger Limited. from an “overweight” rating to an “equal weight” rating in a report on Monday, January 23rd. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger Limited. presently has a consensus rating of “Buy” and an average price target of $96.00.

In other news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the completion of the sale, the director now owns 7,750 shares of the company’s stock, valued at $631,935. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Schlumberger Limited. Company Profile

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.

5 Day Chart for NYSE:SLB

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