Nicollet Investment Management Inc. Buys 5,022 Shares of Schlumberger Limited. (NYSE:SLB)

Nicollet Investment Management Inc. increased its stake in shares of Schlumberger Limited. (NYSE:SLB) by 42.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,967 shares of the oil and gas company’s stock after purchasing an additional 5,022 shares during the quarter. Nicollet Investment Management Inc.’s holdings in Schlumberger were worth $739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SLB. Ellis Investment Partners LLC bought a new stake in shares of Schlumberger in the 1st quarter valued at approximately $26,000. CX Institutional grew its stake 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 buying an additional 396 shares during the last quarter. Berman Capital Advisors LLC bought a new position in Schlumberger during the 4th quarter worth $31,000. Bruderman Asset Management LLC bought a new position in Schlumberger during the 4th quarter worth $33,000. Finally, Sontag Advisory LLC bought a new position in Schlumberger during the 4th quarter worth $36,000. 77.22% of the stock is owned by hedge funds and other institutional investors.

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

A number of research analysts have issued reports on the company. Stifel Nicolaus upgraded Schlumberger from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Friday, June 7th. Royal Bank of Canada reduced their price target on Schlumberger to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, May 15th. SunTrust Banks upped their price objective on Schlumberger to $53.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. BMO Capital Markets set a $44.00 target price on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley set a $51.00 price target on Schlumberger and gave the company a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.78.

SLB stock traded down $0.86 during midday trading on Friday, hitting $35.93. 11,231,883 shares of the company’s stock were exchanged, compared to its average volume of 10,334,171. Schlumberger Limited. has a one year low of $34.46 and a one year high of $69.61. The firm has a market cap of $49.28 billion, a PE ratio of 22.18, a P/E/G 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 (NYSE:SLB) last released its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. On average, analysts forecast that Schlumberger Limited. will post 1.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Tuesday, June 4th. 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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