Schlumberger Limited. (NYSE:SLB) Shares Sold by Murphy Capital Management Inc.

Murphy Capital Management Inc. reduced its stake in Schlumberger Limited. (NYSE:SLB) by 23.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,913 shares of the oil and gas company’s stock after selling 4,870 shares during the period. Murphy Capital Management Inc.’s holdings in Schlumberger were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Washington Trust Bank lifted its stake in Schlumberger by 4.3% during the first quarter. Washington Trust Bank now owns 5,719 shares of the oil and gas company’s stock valued at $249,000 after purchasing an additional 237 shares during the last quarter. Lenox Wealth Management Inc. lifted its stake in Schlumberger by 41.1% during the first quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 256 shares during the last quarter. Monarch Capital Management Inc. lifted its stake in Schlumberger by 1.3% during the first quarter. Monarch Capital Management Inc. now owns 21,414 shares of the oil and gas company’s stock valued at $933,000 after purchasing an additional 285 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Schlumberger by 2.7% during the first quarter. Cetera Advisor Networks LLC now owns 10,746 shares of the oil and gas company’s stock valued at $471,000 after purchasing an additional 286 shares during the last quarter. Finally, Security National Trust Co. lifted its stake in Schlumberger by 3.8% during the first quarter. Security National Trust Co. now owns 8,300 shares of the oil and gas company’s stock valued at $362,000 after purchasing an additional 300 shares during the last quarter. 77.09% of the stock is owned by institutional investors.

In other news, insider Stephanie Cox sold 24,057 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $40.59, for a total transaction of $976,473.63. Following the transaction, the insider now owns 46,354 shares in the company, valued at approximately $1,881,508.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $38.93, for a total transaction of $473,038.43. Following the transaction, the executive vice president now owns 130,000 shares in the company, valued at approximately $5,060,900. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

SLB has been the topic of a number of recent analyst reports. Bank of America restated a “buy” rating and set a $51.00 price target (down previously from $60.00) on shares of Schlumberger in a report on Tuesday, June 25th. AltaCorp Capital restated an “outperform” rating on shares of Schlumberger in a report on Thursday, June 20th. Piper Jaffray Companies set a $40.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, July 1st. Tudor Pickering lowered shares of Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price target on the stock. in a report on Monday, April 22nd. Finally, SunTrust Banks upped their price objective on shares of Schlumberger to $53.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.17.

Schlumberger stock traded down $1.09 during trading hours on Friday, hitting $37.42. The company had a trading volume of 8,737,181 shares, compared to its average volume of 8,864,089. The firm has a market capitalization of $55.28 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 2.51 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $39.07. Schlumberger Limited. has a fifty-two week low of $34.46 and a fifty-two week high of $67.31.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The firm had revenue of $8.27 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts expect that Schlumberger Limited. will post 1.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. Schlumberger’s dividend payout ratio (DPR) is 123.46%.

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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