Schlumberger Limited. (SLB) Stake Raised by BB&T Investment Services Inc.

BB&T Investment Services Inc. grew its position in Schlumberger Limited. (NYSE:SLB) by 107.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,414 shares of the oil and gas company’s stock after purchasing an additional 6,443 shares during the period. BB&T Investment Services Inc.’s holdings in Schlumberger were worth $864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Weybosset Research & Management LLC grew its holdings in shares of Schlumberger by 0.9% in the second quarter. Weybosset Research & Management LLC now owns 5,525 shares of the oil and gas company’s stock worth $364,000 after purchasing an additional 50 shares during the last quarter. Kanawha Capital Management LLC grew its holdings in shares of Schlumberger by 5.3% in the second quarter. Kanawha Capital Management LLC now owns 69,303 shares of the oil and gas company’s stock worth $4,563,000 after purchasing an additional 3,510 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Schlumberger by 2.0% in the second quarter. Crestwood Advisors Group LLC now owns 236,477 shares of the oil and gas company’s stock worth $16,188,000 after purchasing an additional 4,669 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Schlumberger by 13.5% in the second quarter. Sei Investments Co. now owns 755,660 shares of the oil and gas company’s stock worth $49,752,000 after purchasing an additional 89,943 shares during the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of Schlumberger by 6.8% in the second quarter. Oakworth Capital Inc. now owns 8,296 shares of the oil and gas company’s stock worth $546,000 after purchasing an additional 530 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.

SLB has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price (down from $86.00) on shares of Schlumberger in a report on Monday, October 16th. FBR & Co reiterated a “buy” rating on shares of Schlumberger in a report on Friday, October 20th. Piper Jaffray Companies set a $74.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. Scotiabank set a $80.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. Finally, Morgan Stanley dropped their target price on shares of Schlumberger from $90.00 to $81.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger presently has a consensus rating of “Buy” and an average 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 firm has a market cap of $87,340.00, a PE ratio of -59.81, a PEG ratio of 5.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95.

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

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

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

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About Schlumberger

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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