Hoertkorn Richard Charles Decreases Holdings in Schlumberger Limited. (SLB)

Hoertkorn Richard Charles trimmed its position in shares of Schlumberger Limited. (NYSE:SLB) by 67.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950 shares of the oil and gas company’s stock after selling 2,000 shares during the period. Hoertkorn Richard Charles’ holdings in Schlumberger were worth $41,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its position in shares of Schlumberger by 0.7% during the third quarter. Vanguard Group Inc now owns 108,726,647 shares of the oil and gas company’s stock worth $6,623,627,000 after acquiring an additional 735,605 shares during the period. BlackRock Inc. increased its position in shares of Schlumberger by 3.0% during the fourth quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock worth $3,238,103,000 after acquiring an additional 2,571,883 shares during the period. Geode Capital Management LLC increased its position in shares of Schlumberger by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 16,487,841 shares of the oil and gas company’s stock worth $593,754,000 after acquiring an additional 1,125,484 shares during the period. Norges Bank purchased a new stake in shares of Schlumberger during the fourth quarter worth $486,635,000. Finally, American Century Companies Inc. increased its position in shares of Schlumberger by 15.5% during the fourth quarter. American Century Companies Inc. now owns 11,801,880 shares of the oil and gas company’s stock worth $425,812,000 after acquiring an additional 1,583,692 shares during the period. Institutional investors own 79.37% of the company’s stock.

In other Schlumberger news, insider Alexander C. Juden sold 8,643 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $43.29, for a total transaction of $374,155.47. Following the transaction, the insider now owns 70,260 shares of the company’s stock, valued at $3,041,555.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Simon Ayat sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $46.10, for a total value of $1,152,500.00. Following the transaction, the chief financial officer now directly owns 255,971 shares in the company, valued at approximately $11,800,263.10. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.



Several equities analysts recently commented on SLB shares. Royal Bank of Canada set a $58.00 target price on Schlumberger and gave the company a “buy” rating in a report on Friday, January 18th. Credit Suisse Group set a $44.00 target price on Schlumberger and gave the company a “hold” rating in a report on Friday, January 18th. Zacks Investment Research raised Schlumberger from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 6th. Goldman Sachs Group started coverage on Schlumberger in a report on Sunday, March 10th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Jefferies Financial Group lowered Schlumberger from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $45.00 in a report on Friday, March 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $57.53.

Shares of SLB stock opened at $39.00 on Wednesday. The stock has a market cap of $54.80 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.67 and a beta of 1.31. Schlumberger Limited. has a 1 year low of $34.99 and a 1 year high of $75.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 1.35.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. Analysts predict that Schlumberger Limited. will post 1.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s payout ratio is 123.46%.

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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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