Cetera Advisors LLC Grows Stock Position in Schlumberger Limited. (NYSE:SLB)

Cetera Advisors LLC grew its position in shares of Schlumberger Limited. (NYSE:SLB) by 28.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,942 shares of the oil and gas company’s stock after buying an additional 5,489 shares during the period. Cetera Advisors LLC’s holdings in Schlumberger were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Schlumberger in the 4th quarter worth about $538,868,000. BlackRock Inc. lifted its holdings in Schlumberger by 7.4% during the first quarter. BlackRock Inc. now owns 98,234,133 shares of the oil and gas company’s stock valued at $1,325,178,000 after purchasing an additional 6,795,063 shares during the last quarter. Capital International Investors boosted its position in Schlumberger by 9.9% during the fourth quarter. Capital International Investors now owns 59,017,143 shares of the oil and gas company’s stock worth $2,372,490,000 after purchasing an additional 5,337,121 shares during the period. Capital Research Global Investors increased its stake in shares of Schlumberger by 27.0% in the fourth quarter. Capital Research Global Investors now owns 23,963,739 shares of the oil and gas company’s stock worth $963,342,000 after purchasing an additional 5,098,492 shares in the last quarter. Finally, Capital World Investors raised its position in shares of Schlumberger by 136,991.9% in the fourth quarter. Capital World Investors now owns 5,003,853 shares of the oil and gas company’s stock valued at $201,155,000 after purchasing an additional 5,000,203 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

SLB stock opened at $17.58 on Friday. The firm has a 50 day simple moving average of $16.08 and a two-hundred day simple moving average of $28.53. The stock has a market cap of $24.69 billion, a PE ratio of 12.53, a P/E/G ratio of 18.39 and a beta of 2.09. Schlumberger Limited. has a one year low of $11.87 and a one year high of $41.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.23 and a quick ratio of 0.91.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 17th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.52 billion. Schlumberger had a negative net margin of 55.19% and a positive return on equity of 7.88%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. On average, research analysts expect that Schlumberger Limited. will post 0.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, June 2nd. Schlumberger’s payout ratio is currently 136.05%.

In other Schlumberger news, Director Vijay Kasibhatla acquired 2,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $17.05 per share, with a total value of $34,100.00. Following the purchase, the director now owns 29,362 shares of the company’s stock, valued at $500,622.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Alexander C. Juden sold 35,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $17.35, for a total transaction of $607,250.00. Following the transaction, the general counsel now directly owns 92,103 shares in the company, valued at approximately $1,597,987.05. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

Several research firms recently commented on SLB. Bank of America cut their price objective on shares of Schlumberger from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Susquehanna Bancshares cut their price target on Schlumberger from $23.00 to $20.00 and set a “positive” rating for the company in a report on Monday, April 20th. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus dropped their price objective on Schlumberger from $34.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Scotiabank downgraded Schlumberger from a “sector outperform” rating to a “sector perform” rating and set a $15.00 target price for the company. in a research note on Sunday, April 12th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.87.

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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