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

Whittier Trust Co. of Nevada Inc. cut its stake in Schlumberger Limited. (NYSE:SLB) by 20.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,685 shares of the oil and gas company’s stock after selling 6,488 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Schlumberger were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. BTC Capital Management Inc. raised its position in shares of Schlumberger by 3.6% during the 2nd quarter. BTC Capital Management Inc. now owns 88,704 shares of the oil and gas company’s stock valued at $3,520,000 after purchasing an additional 3,056 shares during the period. Camarda Financial Advisors LLC raised its stake in shares of Schlumberger by 7.4% during the 2nd quarter. Camarda Financial Advisors LLC now owns 47,628 shares of the oil and gas company’s stock worth $1,893,000 after acquiring an additional 3,275 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Schlumberger by 2.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 21,500 shares of the oil and gas company’s stock worth $854,000 after acquiring an additional 450 shares in the last quarter. Manning & Napier Group LLC raised its stake in shares of Schlumberger by 4.6% during the 2nd quarter. Manning & Napier Group LLC now owns 3,437,572 shares of the oil and gas company’s stock worth $136,608,000 after acquiring an additional 152,088 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of Schlumberger by 11.7% during the 2nd quarter. Johnson Financial Group Inc. now owns 4,723 shares of the oil and gas company’s stock worth $188,000 after acquiring an additional 496 shares in the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. Cowen reduced their price objective on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday. ValuEngine upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America cut their price target on shares of Schlumberger from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Barclays set a $47.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Friday. Finally, TheStreet lowered shares of Schlumberger from a “c” rating to a “d+” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.22.

SLB stock opened at $33.59 on Tuesday. The firm’s fifty day simple moving average is $34.22 and its 200-day simple moving average is $37.63. The company has a market capitalization of $44.68 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 1.01. Schlumberger Limited. has a 12 month low of $30.65 and a 12 month high of $58.61.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.50 billion. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, sell-side analysts forecast that Schlumberger Limited. will post 1.47 earnings per share for the current year.

In other news, insider Stephanie Cox sold 24,057 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $40.59, for a total value of $976,473.63. Following the sale, the insider now directly owns 46,354 shares of the company’s stock, valued at approximately $1,881,508.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

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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