YHB Investment Advisors Inc. Has $3.73 Million Position in Schlumberger Limited. (SLB)

YHB Investment Advisors Inc. cut its stake in shares of Schlumberger Limited. (NYSE:SLB) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,183 shares of the oil and gas company’s stock after selling 7,471 shares during the period. YHB Investment Advisors Inc.’s holdings in Schlumberger were worth $3,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of Schlumberger in the third quarter worth about $132,000. Squar Milner Financial Services LLC bought a new stake in shares of Schlumberger in the second quarter worth about $157,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of Schlumberger in the first quarter worth about $154,000. Westbourne Investment Advisors Inc. bought a new stake in shares of Schlumberger in the third quarter worth about $158,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Schlumberger in the second quarter worth about $182,000. Institutional investors own 78.52% of the company’s stock.

In other Schlumberger news, Director Michael E. Marks bought 8,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was acquired at an average price of $60.31 per share, for a total transaction of $482,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Simon Ayat sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $56.60, for a total value of $3,396,000.00. Following the transaction, the chief financial officer now owns 234,008 shares of the company’s stock, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the company. Wolfe Research assumed coverage on Schlumberger in a report on Wednesday, October 10th. They issued a “market perform” rating on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a report on Monday, July 23rd. Credit Suisse Group reduced their target price on Schlumberger from $82.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Seaport Global Securities set a $72.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.84.

SLB opened at $52.32 on Wednesday. The stock has a market capitalization of $73.26 billion, a P/E ratio of 34.88, a P/E/G ratio of 5.07 and a beta of 0.93. Schlumberger Limited. has a 12 month low of $50.80 and a 12 month high of $80.35. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.38.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.57 billion. Schlumberger had a positive return on equity of 6.55% and a negative net margin of 2.00%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. Analysts anticipate that Schlumberger Limited. will post 1.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. Schlumberger’s dividend payout ratio (DPR) is presently 133.33%.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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