6,108 Shares in Schlumberger Limited. (NYSE:SLB) Purchased by United Capital Management of KS Inc.

United Capital Management of KS Inc. acquired a new position in Schlumberger Limited. (NYSE:SLB) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,108 shares of the oil and gas company’s stock, valued at approximately $240,000.

Other institutional investors have also added to or reduced their stakes in the company. Ellis Investment Partners LLC purchased a new position in Schlumberger in the 1st quarter valued at about $26,000. CX Institutional lifted its holdings in Schlumberger by 158.4% in the 1st quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in Schlumberger in the 2nd quarter valued at about $32,000. Old North State Trust LLC lifted its holdings in Schlumberger by 100.2% in the 1st quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 436 shares in the last quarter. Finally, Lenox Wealth Management Inc. lifted its holdings in Schlumberger by 41.1% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

A number of research firms have issued reports on SLB. Royal Bank of Canada reduced their target price on shares of Schlumberger to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, May 15th. JPMorgan Chase & Co. reduced their target price on shares of Schlumberger from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Barclays reduced their target price on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Bank of America restated a “buy” rating and issued a $51.00 target price (down from $60.00) on shares of Schlumberger in a report on Tuesday, June 25th. Finally, Tudor Pickering lowered shares of Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 target price on the stock. in a report on Monday, April 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $52.17.

In related news, insider Stephanie Cox sold 24,057 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 46,354 shares of the company’s stock, valued at approximately $1,881,508.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $473,038.43. Following the sale, the executive vice president now directly owns 130,000 shares of the company’s stock, 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.

Shares of NYSE SLB traded down $1.21 on Tuesday, reaching $34.78. 572,641 shares of the company traded hands, compared to its average volume of 9,670,741. Schlumberger Limited. has a fifty-two week low of $34.46 and a fifty-two week high of $67.31. The firm’s 50 day moving average is $39.14. 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 has a market capitalization of $49.77 billion, a PE ratio of 21.47, a PEG ratio of 2.35 and a beta of 1.44.

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

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Tuesday, September 3rd. Schlumberger’s dividend payout ratio is currently 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.

Read More: Put Option Volume

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.