Schlumberger Limited. (NYSE:SLB) Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. lifted its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 185.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,427 shares of the oil and gas company’s stock after acquiring an additional 15,875 shares during the quarter. First Dallas Securities Inc.’s holdings in Schlumberger were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Cornerstone Advisors Inc. grew its stake in shares of Schlumberger by 73.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,629 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 689 shares during the period. Stockman Wealth Management Inc. grew its stake in shares of Schlumberger by 4.7% during the 1st quarter. Stockman Wealth Management Inc. now owns 39,063 shares of the oil and gas company’s stock valued at $1,702,000 after buying an additional 1,742 shares during the period. Monetta Financial Services Inc. purchased a new stake in shares of Schlumberger during the 1st quarter valued at $436,000. Mason Street Advisors LLC lifted its holdings in shares of Schlumberger by 1.3% during the 1st quarter. Mason Street Advisors LLC now owns 197,727 shares of the oil and gas company’s stock valued at $8,615,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV lifted its holdings in shares of Schlumberger by 10.6% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 9,379 shares of the oil and gas company’s stock valued at $409,000 after acquiring an additional 899 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

Shares of SLB traded down $0.82 during midday trading on Tuesday, hitting $33.35. The company had a trading volume of 3,522,123 shares, compared to its average volume of 11,837,026. The company’s 50 day moving average price is $34.50 and its 200 day moving average price is $38.79. The stock has a market cap of $47.48 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.42 and a beta of 1.50. Schlumberger Limited. has a 52 week low of $31.03 and a 52 week high of $63.65. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ 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 company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Equities analysts anticipate that Schlumberger Limited. will post 1.5 EPS for the current fiscal year.

The business 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s payout ratio is currently 123.46%.

In related news, EVP Patrick Schorn sold 12,151 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $38.93, for a total transaction of $473,038.43. Following the completion of the sale, the executive vice president now owns 130,000 shares of the company’s stock, valued at approximately $5,060,900. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the insider now directly owns 46,354 shares of the company’s stock, valued at approximately $1,881,508.86. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on the stock. Raymond James restated a “hold” rating on shares of Schlumberger in a report on Friday, June 21st. Wells Fargo & Co reduced their target price on shares of Schlumberger from $48.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Stifel Nicolaus upgraded shares of Schlumberger from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. reduced their target price on shares of Schlumberger from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Citigroup reduced their target price on shares of Schlumberger from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.58.

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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