Stratos Wealth Partners LTD. Sells 2,591 Shares of Schlumberger Limited. (SLB)

Stratos Wealth Partners LTD. lessened its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,228 shares of the oil and gas company’s stock after selling 2,591 shares during the period. Stratos Wealth Partners LTD.’s holdings in Schlumberger were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV increased its holdings in Schlumberger by 3,884.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 6,603 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Schlumberger in the third quarter worth approximately $132,000. Moneta Group Investment Advisors LLC boosted its position in shares of Schlumberger by 909.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 20,137 shares during the last quarter. Squar Milner Financial Services LLC acquired a new stake in shares of Schlumberger in the second quarter worth approximately $157,000. Finally, Westbourne Investment Advisors Inc. acquired a new stake in shares of Schlumberger in the third quarter worth approximately $158,000. 77.74% of the stock is owned by institutional investors.

A number of analysts recently issued reports on SLB shares. Bank of America dropped their price target on shares of Schlumberger from $69.00 to $52.00 and set a “buy” rating for the company in a research note on Monday. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. ValuEngine raised shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Macquarie set a $71.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, Wolfe Research assumed coverage on Schlumberger in a research note on Wednesday, October 10th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.67.

NYSE SLB traded up $1.20 during midday trading on Monday, hitting $46.30. The company had a trading volume of 12,784,229 shares, compared to its average volume of 8,259,527. The stock has a market capitalization of $62.45 billion, a PE ratio of 30.87, a P/E/G ratio of 4.45 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.13 and a quick ratio of 0.85. Schlumberger Limited. has a twelve month low of $44.68 and a twelve month high of $80.35.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.57 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. Schlumberger’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Schlumberger Limited. will post 1.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, December 5th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.32%. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

In other news, CFO Simon Ayat sold 60,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total value of $3,396,000.00. Following the completion of the sale, the chief financial officer now directly owns 234,008 shares of the company’s stock, valued at $13,244,852.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average cost of $60.31 per share, with a total value of $482,480.00. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

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About Schlumberger

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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