First Foundation Advisors Decreases Position in Schlumberger Limited. (NYSE:SLB)

First Foundation Advisors trimmed its holdings in Schlumberger Limited. (NYSE:SLB) by 89.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,757 shares of the oil and gas company’s stock after selling 303,762 shares during the quarter. First Foundation Advisors’ holdings in Schlumberger were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Green Square Capital LLC increased its holdings in Schlumberger by 136.9% in the 4th quarter. Green Square Capital LLC now owns 14,076 shares of the oil and gas company’s stock worth $511,000 after acquiring an additional 8,134 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in Schlumberger by 139.9% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,699 shares of the oil and gas company’s stock worth $350,000 after acquiring an additional 5,656 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Schlumberger by 139,145.2% in the 4th quarter. Two Sigma Advisers LP now owns 7,140,492 shares of the oil and gas company’s stock worth $257,629,000 after acquiring an additional 7,135,364 shares in the last quarter. Brandywine Global Investment Management LLC grew its holdings in Schlumberger by 78.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 3,709,622 shares of the oil and gas company’s stock valued at $133,844,000 after buying an additional 1,635,785 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in Schlumberger during the 4th quarter valued at approximately $713,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.

SLB traded down $1.85 on Friday, hitting $45.56. The company had a trading volume of 15,721,558 shares, compared to its average volume of 8,155,870. Schlumberger Limited. has a 12-month low of $34.99 and a 12-month high of $75.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a market capitalization of $63.14 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.33.

Schlumberger (NYSE:SLB) last posted its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Schlumberger Limited. will post 1.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.39%. Schlumberger’s payout ratio is 123.46%.

In related news, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

A number of equities research analysts have issued reports on SLB shares. Zacks Investment Research reaffirmed a “strong sell” rating on shares of Schlumberger in a report on Monday, December 31st. Citigroup cut their target price on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a report on Friday, January 4th. Royal Bank of Canada set a $58.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Friday, January 18th. Credit Suisse Group set a $44.00 target price on shares of Schlumberger and gave the company a “hold” rating in a report on Friday, January 18th. Finally, Goldman Sachs Group initiated coverage on Schlumberger in a research report on Sunday, March 10th. They issued a “buy” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $65.00.

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Schlumberger Company Profile

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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