Warren Averett Asset Management LLC Sells 946 Shares of Schlumberger Limited. (SLB)

Warren Averett Asset Management LLC lowered its holdings in Schlumberger Limited. (NYSE:SLB) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,162 shares of the oil and gas company’s stock after selling 946 shares during the period. Warren Averett Asset Management LLC’s holdings in Schlumberger were worth $360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cribstone Capital Management LLC grew its holdings in Schlumberger by 4.6% during the 3rd quarter. Cribstone Capital Management LLC now owns 22,581 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 988 shares during the last quarter. Bbva Compass Bancshares Inc. grew its holdings in Schlumberger by 1.4% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 115,353 shares of the oil and gas company’s stock worth $8,047,000 after acquiring an additional 1,603 shares during the last quarter. Deltec Asset Management LLC grew its holdings in Schlumberger by 38.6% during the 3rd quarter. Deltec Asset Management LLC now owns 124,842 shares of the oil and gas company’s stock worth $8,709,000 after acquiring an additional 34,775 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in Schlumberger by 11.9% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,450,967 shares of the oil and gas company’s stock worth $101,219,000 after acquiring an additional 154,444 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in Schlumberger by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 2,413,471 shares of the oil and gas company’s stock worth $168,364,000 after acquiring an additional 12,200 shares during the last quarter. 79.30% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on SLB. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday. Loop Capital reduced their price objective on shares of Schlumberger from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada set a $86.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research note on Saturday, October 7th. Finally, SunTrust Banks reissued a “hold” rating on shares of Schlumberger in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.37.

Schlumberger Limited. (SLB) opened at $73.10 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market cap of $101,260.00, a PE ratio of 187.44, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $87.84.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same period last year, the business earned $0.25 earnings per share. Schlumberger’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts expect that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. Schlumberger’s dividend payout ratio (DPR) is currently 512.82%.

In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.

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Schlumberger 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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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