Schlumberger Limited. (NYSE:SLB) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its holdings in Schlumberger Limited. (NYSE:SLB) by 4.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 31,173 shares of the oil and gas company’s stock after selling 1,603 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Schlumberger were worth $1,238,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. CX Institutional raised its stake in Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 396 shares in the last quarter. Quad Cities Investment Group LLC acquired a new stake in Schlumberger during the second quarter valued at approximately $32,000. Old North State Trust LLC raised its stake in Schlumberger by 100.2% during the first quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 436 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Schlumberger during the first quarter valued at approximately $38,000. Finally, Lenox Wealth Management Inc. raised 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 buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 77.09% of the company’s stock.

In related news, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $38.93, for a total value of $473,038.43. Following the completion of the transaction, the executive vice president now directly owns 130,000 shares of the company’s stock, valued at approximately $5,060,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Cox sold 24,057 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $40.59, for a total value of $976,473.63. Following the completion of the transaction, the insider now directly owns 46,354 shares of the company’s stock, valued at $1,881,508.86. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on the company. AltaCorp Capital restated an “outperform” rating on shares of Schlumberger in a research note on Thursday, June 20th. Piper Jaffray Companies set a $40.00 price objective on Schlumberger and gave the company a “buy” rating in a research note on Monday, July 1st. Tudor Pickering cut Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research note on Monday, April 22nd. Barclays cut their price objective on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on Schlumberger from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $52.17.

Shares of NYSE:SLB traded down $1.09 during trading on Friday, hitting $37.42. 8,737,181 shares of the company traded hands, compared to its average volume of 8,864,089. The company has a market capitalization of $55.28 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.44. The stock has a fifty day simple moving average of $39.07. Schlumberger Limited. has a one year low of $34.46 and a one year high of $67.31. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47.

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

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

Schlumberger 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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