CapWealth Advisors LLC Has $555,000 Position in Schlumberger Limited. (SLB)

CapWealth Advisors LLC lowered its stake in shares of Schlumberger Limited. (NYSE:SLB) by 32.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,273 shares of the oil and gas company’s stock after selling 3,980 shares during the period. CapWealth Advisors LLC’s holdings in Schlumberger were worth $555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Investment Advisors LLC boosted its stake in Schlumberger by 5.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 14,461 shares of the oil and gas company’s stock worth $969,000 after buying an additional 733 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Schlumberger by 14.6% in the 1st quarter. Financial Management Professionals Inc. now owns 5,870 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 750 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Schlumberger by 11.0% in the 1st quarter. IHT Wealth Management LLC now owns 7,588 shares of the oil and gas company’s stock worth $482,000 after purchasing an additional 751 shares during the period. Portland Global Advisors LLC raised its holdings in shares of Schlumberger by 2.8% in the 2nd quarter. Portland Global Advisors LLC now owns 28,240 shares of the oil and gas company’s stock worth $1,893,000 after purchasing an additional 770 shares during the period. Finally, First Merchants Corp raised its holdings in shares of Schlumberger by 1.4% in the 2nd quarter. First Merchants Corp now owns 54,946 shares of the oil and gas company’s stock worth $3,683,000 after purchasing an additional 778 shares during the period. 78.43% of the stock is currently owned by institutional investors and hedge funds.

In other Schlumberger news, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction on Thursday, September 6th. The stock was purchased at an average price of $60.31 per share, for a total transaction of $482,480.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.48% of the stock is owned by company insiders.

Shares of NYSE:SLB opened at $62.94 on Tuesday. The stock has a market cap of $84.32 billion, a P/E ratio of 41.57, a P/E/G ratio of 5.68 and a beta of 0.93. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. Schlumberger Limited. has a one year low of $59.25 and a one year high of $80.35.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, July 20th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the business posted $0.35 EPS. The company’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Schlumberger Limited. will post 1.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Wednesday, September 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

A number of equities analysts have recently commented on the company. Tudor Pickering downgraded Schlumberger from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Credit Suisse Group raised their price objective on Schlumberger from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Citigroup cut their price objective on Schlumberger from $79.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, June 25th. Finally, Jefferies Financial Group set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Monday, July 23rd. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.55.

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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