Schlumberger Limited. (NYSE:SLB) Position Reduced by Oakbrook Investments LLC

Oakbrook Investments LLC trimmed its position in Schlumberger Limited. (NYSE:SLB) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 431,755 shares of the oil and gas company’s stock after selling 92,439 shares during the quarter. Schlumberger makes up 1.0% of Oakbrook Investments LLC’s investment portfolio, making the stock its 26th largest position. Oakbrook Investments LLC’s holdings in Schlumberger were worth $14,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sepio Capital LLC raised its stake in Schlumberger by 226.1% during the 1st quarter. Sepio Capital LLC now owns 103,617 shares of the oil and gas company’s stock worth $4,548,000 after acquiring an additional 71,842 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in Schlumberger by 2.5% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 96,052 shares of the oil and gas company’s stock worth $3,817,000 after purchasing an additional 2,300 shares during the last quarter. Boltwood Capital Management grew its position in Schlumberger by 15.5% during the 2nd quarter. Boltwood Capital Management now owns 9,304 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 1,250 shares during the last quarter. Park National Corp OH grew its position in Schlumberger by 3.8% during the 2nd quarter. Park National Corp OH now owns 171,587 shares of the oil and gas company’s stock worth $6,818,000 after purchasing an additional 6,298 shares during the last quarter. Finally, Woodstock Corp grew its position in Schlumberger by 0.6% during the 2nd quarter. Woodstock Corp now owns 125,840 shares of the oil and gas company’s stock worth $5,001,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 76.52% of the company’s stock.

In other news, VP Simon Farrant sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the transaction, the vice president now owns 20,316 shares of the company’s stock, valued at $681,601.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.48% of the company’s stock.

Several research analysts have issued reports on SLB shares. ValuEngine raised shares of Schlumberger from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $40.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. TheStreet downgraded shares of Schlumberger from a “c” rating to a “d+” rating in a research report on Friday, October 18th. Cowen lowered their price objective on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Morgan Stanley set a $50.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Schlumberger currently has an average rating of “Buy” and a consensus target price of $44.82.

SLB traded up $0.26 during midday trading on Friday, reaching $36.34. 8,211,488 shares of the company’s stock were exchanged, compared to its average volume of 10,844,604. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 0.95. The stock has a market capitalization of $50.83 billion, a PE ratio of 22.43, a P/E/G ratio of 3.45 and a beta of 1.49. The business’s 50-day moving average price is $33.95 and its 200 day moving average price is $36.68. Schlumberger Limited. has a 1-year low of $30.65 and a 1-year high of $51.29.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.50 billion. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, 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 10th. Stockholders of record on Wednesday, December 4th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Tuesday, December 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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