Hollencrest Capital Management Has $545,000 Holdings in Schlumberger Limited. (NYSE:SLB)

Hollencrest Capital Management lifted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 104.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,729 shares of the oil and gas company’s stock after purchasing an additional 7,000 shares during the period. Hollencrest Capital Management’s holdings in Schlumberger were worth $545,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SLB. MUFG Securities EMEA plc lifted its holdings in Schlumberger by 144.0% in the fourth quarter. MUFG Securities EMEA plc now owns 237,926 shares of the oil and gas company’s stock valued at $8,584,000 after buying an additional 140,403 shares during the period. Chesley Taft & Associates LLC lifted its holdings in Schlumberger by 2.1% in the second quarter. Chesley Taft & Associates LLC now owns 21,500 shares of the oil and gas company’s stock valued at $854,000 after buying an additional 450 shares during the period. Griffin Asset Management Inc. lifted its holdings in Schlumberger by 44.3% in the first quarter. Griffin Asset Management Inc. now owns 133,874 shares of the oil and gas company’s stock valued at $5,833,000 after buying an additional 41,076 shares during the period. Taylor Cottrill Erickson & Associates Inc. lifted its holdings in Schlumberger by 31.2% in the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 31,794 shares of the oil and gas company’s stock valued at $1,385,000 after buying an additional 7,566 shares during the period. Finally, Bristol Advisors LLC acquired a new position in Schlumberger in the first quarter valued at $523,000. Institutional investors own 77.09% of the company’s stock.

In related news, insider Stephanie Cox sold 24,057 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $40.59, for a total transaction of $976,473.63. Following the transaction, the insider now directly owns 46,354 shares in the company, valued at $1,881,508.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $38.93, for a total transaction of $473,038.43. Following the transaction, the executive vice president now owns 130,000 shares in the company, valued at $5,060,900. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

SLB has been the topic of several recent analyst reports. Tudor Pickering lowered shares of Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 target price on the stock. in a report on Monday, April 22nd. Piper Jaffray Companies set a $40.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, July 1st. JPMorgan Chase & Co. dropped their target price on shares of Schlumberger from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Barclays set a $192.00 target price on shares of Tesla and gave the company a “sell” rating in a report on Tuesday, April 9th. Finally, SunTrust Banks set a $75.00 price target on shares of Cimarex Energy and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Schlumberger has an average rating of “Hold” and an average price target of $52.17.

Shares of NYSE:SLB traded down $0.54 during midday trading on Monday, hitting $39.47. 52,045 shares of the company’s stock were exchanged, compared to its average volume of 8,878,525. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $38.62. The stock has a market cap of $55.00 billion, a P/E ratio of 24.37, a PEG ratio of 2.51 and a beta of 1.45. Schlumberger Limited. has a 12 month low of $34.46 and a 12 month high of $68.30.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 19th. The oil and gas company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $8.27 billion during the quarter, compared to the consensus estimate of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. Analysts expect that Schlumberger Limited. will post 1.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s payout ratio is presently 123.46%.

About Schlumberger

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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