Schlumberger Limited. (SLB) Shares Sold by Graybill Bartz & Assoc Ltd.

Graybill Bartz & Assoc Ltd. cut its position in shares of Schlumberger Limited. (NYSE:SLB) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,319 shares of the oil and gas company’s stock after selling 1,233 shares during the quarter. Schlumberger accounts for about 2.5% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 22nd biggest holding. Graybill Bartz & Assoc Ltd.’s holdings in Schlumberger were worth $3,239,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Delek Group Ltd. acquired a new stake in Schlumberger during the 4th quarter worth approximately $100,000. Rational Advisors LLC bought a new position in Schlumberger during the 4th quarter worth $108,000. American Research & Management Co. increased its stake in Schlumberger by 81.1% during the 4th quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 775 shares during the period. Delpha Capital Management LLC bought a new position in Schlumberger during the 4th quarter worth $119,000. Finally, Pinebridge Investments L.P. bought a new position in Schlumberger during the 4th quarter worth $137,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

In other news, VP Claudia Jaramillo sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.68, for a total value of $218,040.00. Following the transaction, the vice president now directly owns 6,162 shares of the company’s stock, valued at approximately $447,854.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

A number of equities analysts have commented on SLB shares. Wells Fargo & Co raised their price objective on Schlumberger from $76.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, May 24th. Credit Suisse Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, April 23rd. SunTrust Banks set a $82.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, April 23rd. Seaport Global Securities set a $76.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, April 23rd. Finally, ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.91.

Shares of Schlumberger opened at $66.04 on Friday, Marketbeat.com reports. The stock has a market capitalization of $91.92 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 6.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.12. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $80.35.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, July 20th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.35 billion. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. equities research analysts forecast that Schlumberger Limited. will post 1.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Wednesday, September 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.03%. Schlumberger’s dividend payout ratio is 133.33%.

Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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