Schlumberger Limited. (SLB) Holdings Trimmed by Evercore Wealth Management LLC

Evercore Wealth Management LLC lessened its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 445,189 shares of the oil and gas company’s stock after selling 21,469 shares during the quarter. Evercore Wealth Management LLC’s holdings in Schlumberger were worth $31,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Senvest Management LLC bought a new position in Schlumberger during the 3rd quarter worth approximately $2,790,000. SevenBridge Financial Group LLC lifted its holdings in Schlumberger by 13.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 15,163 shares of the oil and gas company’s stock worth $1,058,000 after buying an additional 1,828 shares during the last quarter. Waters Parkerson & CO. LLC lifted its holdings in Schlumberger by 3.2% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 284,643 shares of the oil and gas company’s stock worth $19,857,000 after buying an additional 8,698 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Schlumberger by 9.8% during the 3rd quarter. Private Advisor Group LLC now owns 41,710 shares of the oil and gas company’s stock worth $2,855,000 after buying an additional 3,740 shares during the last quarter. Finally, National Planning Corp lifted its holdings in Schlumberger by 15.0% during the 3rd quarter. National Planning Corp now owns 11,334 shares of the oil and gas company’s stock worth $783,000 after buying an additional 1,476 shares during the last quarter. Hedge funds and other institutional investors own 79.30% of the company’s stock.

In other news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares in the company, valued at approximately $1,753,806.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. FBR & Co reaffirmed a “buy” rating on shares of Schlumberger in a report on Friday, October 20th. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Barclays set a $75.00 target price on Schlumberger and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger has a consensus rating of “Buy” and a consensus price target of $82.29.

Shares of Schlumberger Limited. (NYSE:SLB) opened at $65.19 on Friday. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $82.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The company has a market capitalization of $87,340.00, a P/E ratio of -59.81, a P/E/G ratio of 5.30 and a beta of 0.98.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. equities analysts anticipate that Schlumberger Limited. will post 2.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently -183.49%.

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Schlumberger Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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