Schlumberger Limited. (NYSE:SLB) Shares Sold by Mitchell Group Inc.

Mitchell Group Inc. cut its stake in shares of Schlumberger Limited. (NYSE:SLB) by 27.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,690 shares of the oil and gas company’s stock after selling 20,100 shares during the quarter. Schlumberger accounts for approximately 2.5% of Mitchell Group Inc.’s holdings, making the stock its 22nd biggest position. Mitchell Group Inc.’s holdings in Schlumberger were worth $2,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. CX Institutional boosted its position in Schlumberger by 158.4% during the 1st quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 396 shares during the period. Old North State Trust LLC boosted its position in Schlumberger by 100.2% during the 1st quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 436 shares during the period. Berman Capital Advisors LLC acquired a new position in Schlumberger during the 4th quarter worth $31,000. Riverview Trust Co boosted its position in Schlumberger by 94.6% during the 1st quarter. Riverview Trust Co now owns 899 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 437 shares during the period. Finally, Bruderman Asset Management LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at $33,000. 77.22% of the stock is owned by institutional investors.

In other Schlumberger news, CFO Simon Ayat sold 25,000 shares of Schlumberger 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 sale, the chief financial officer now owns 255,971 shares of the company’s stock, valued at approximately $11,800,263.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Juden sold 8,643 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the transaction, the insider now directly owns 70,260 shares in the company, valued at approximately $3,041,555.40. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

SLB has been the subject of several research analyst reports. Stifel Nicolaus upgraded Schlumberger from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Friday, June 7th. SunTrust Banks upped their price target on Schlumberger to $53.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group began coverage on Schlumberger in a research report on Sunday, March 10th. They set a “buy” rating and a $55.00 price target on the stock. Barclays dropped their price target on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. Finally, Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.78.

Shares of SLB traded down $0.86 during mid-day trading on Friday, reaching $35.93. The company had a trading volume of 11,231,883 shares, compared to its average volume of 10,334,171. The stock has a market cap of $49.28 billion, a PE ratio of 22.18, a PEG ratio of 1.47 and a beta of 1.39. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. Schlumberger Limited. has a twelve month low of $34.46 and a twelve month high of $69.61.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. The firm 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 period last year, the company earned $0.38 EPS. On average, sell-side analysts forecast that Schlumberger Limited. will post 1.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 annualized dividend and a dividend yield of 5.57%. Schlumberger’s dividend payout ratio is currently 123.46%.

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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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