Schlumberger Limited. (NYSE:SLB) Shares Bought by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC increased its position in shares of Schlumberger Limited. (NYSE:SLB) by 17.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,630 shares of the oil and gas company’s stock after buying an additional 8,906 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Schlumberger were worth $2,555,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SLB. CX Institutional increased its holdings 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 purchasing an additional 396 shares during the last quarter. Old North State Trust LLC increased its holdings 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 purchasing an additional 436 shares during the last quarter. Lenox Wealth Management Inc. increased its holdings in Schlumberger by 41.1% during the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 256 shares during the last quarter. Berman Capital Advisors LLC purchased a new stake in Schlumberger during the 4th quarter worth approximately $31,000. Finally, Riverview Trust Co increased its holdings in shares of Schlumberger by 94.6% in the 1st quarter. Riverview Trust Co now owns 899 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 437 shares during the last quarter. 77.22% of the stock is owned by institutional investors and hedge funds.

In other news, insider Alexander C. Juden sold 8,643 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief financial officer now owns 255,971 shares in the company, valued at $11,800,263.10. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Schlumberger to $51.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. Morgan Stanley set a $51.00 price objective on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Barclays lowered their price objective on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $55.78.

Shares of SLB stock traded down $0.86 during mid-day trading on Friday, reaching $35.93. The stock had a trading volume of 11,231,883 shares, 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 company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $49.28 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.47 and a beta of 1.39.

Schlumberger (NYSE:SLB) last issued its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The business had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm posted $0.38 EPS. Schlumberger’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that Schlumberger Limited. will post 1.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 5.57%. Schlumberger’s dividend payout ratio is 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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