CoreCap Advisors LLC Decreases Stake in Schlumberger Limited (NYSE:SLB)

CoreCap Advisors LLC reduced its holdings in Schlumberger Limited (NYSE:SLB) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,701 shares of the oil and gas company’s stock after selling 258 shares during the period. CoreCap Advisors LLC’s holdings in Schlumberger were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BluePath Capital Management LLC purchased a new position in shares of Schlumberger in the third quarter worth about $25,000. MCF Advisors LLC increased its position in Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 461 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in Schlumberger during the third quarter worth about $31,000. Coppell Advisory Solutions LLC acquired a new stake in Schlumberger during the second quarter worth about $27,000. Finally, Global Trust Asset Management LLC increased its position in Schlumberger by 51.5% during the third quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SLB shares. Stifel Nicolaus raised their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays dropped their price target on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a research report on Monday, January 22nd. Benchmark reiterated a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research report on Monday, March 4th. Susquehanna reiterated a “positive” rating and set a $77.00 price target on shares of Schlumberger in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Schlumberger in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.87.

Insider Buying and Selling

In other Schlumberger news, CAO Howard Guild sold 22,853 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total value of $1,180,585.98. Following the sale, the chief accounting officer now directly owns 22,181 shares in the company, valued at $1,145,870.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the transaction, the executive vice president now directly owns 386,841 shares of the company’s stock, valued at $19,504,523.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Howard Guild sold 22,853 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total value of $1,180,585.98. Following the transaction, the chief accounting officer now directly owns 22,181 shares in the company, valued at $1,145,870.46. The disclosure for this sale can be found here. Insiders have sold 172,191 shares of company stock worth $8,636,322 over the last ninety days. 0.26% of the stock is owned by insiders.

Schlumberger Price Performance

NYSE:SLB opened at $54.90 on Thursday. The firm has a market cap of $78.36 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.59. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $50.23 and its two-hundred day moving average is $53.17.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Research analysts expect that Schlumberger Limited will post 3.54 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is presently 34.25%.

Schlumberger Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.