Schlumberger Limited (NYSE:SLB) Stock Holdings Reduced by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its position in Schlumberger Limited (NYSE:SLB) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,604 shares of the oil and gas company’s stock after selling 3,958 shares during the quarter. Schlumberger makes up approximately 2.2% of John G Ullman & Associates Inc.’s holdings, making the stock its 12th biggest position. John G Ullman & Associates Inc.’s holdings in Schlumberger were worth $14,339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC boosted its stake in shares of Schlumberger by 53.5% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,960 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 683 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of Schlumberger by 2,494.0% during the 4th quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock worth $5,278,000 after acquiring an additional 97,516 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Schlumberger by 36.4% during the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after acquiring an additional 380,185 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Schlumberger by 6.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock worth $31,726,000 after acquiring an additional 35,763 shares in the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of Schlumberger during the 4th quarter worth about $1,389,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the subject of several research analyst reports. Barclays cut their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Bank of America cut their price objective on Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Citigroup cut their price objective on Schlumberger from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, June 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $65.00 price objective on shares of Schlumberger in a research report on Monday, April 22nd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.18.

Schlumberger Price Performance

Shares of SLB traded up $0.90 during mid-day trading on Thursday, reaching $46.18. The company had a trading volume of 6,239,403 shares, compared to its average volume of 11,156,501. Schlumberger Limited has a twelve month low of $42.61 and a twelve month high of $62.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The company’s 50-day moving average is $46.26 and its 200-day moving average is $49.26. The company has a market capitalization of $66.01 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.89 and a beta of 1.55.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the prior year, the firm posted $0.63 EPS. Schlumberger’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 2.38%. Schlumberger’s dividend payout ratio is 36.54%.

Insider Buying and Selling

In related news, insider Gavin Rennick sold 38,083 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the sale, the insider now directly owns 45,851 shares in the company, valued at approximately $2,213,686.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Schlumberger news, CTO Demosthenis Pafitis sold 63,095 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total value of $3,044,964.70. Following the transaction, the chief technology officer now directly owns 33,421 shares in the company, valued at approximately $1,612,897.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gavin Rennick sold 38,083 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $48.28, for a total value of $1,838,647.24. Following the completion of the transaction, the insider now owns 45,851 shares in the company, valued at $2,213,686.28. The disclosure for this sale can be found here. Insiders have sold a total of 106,158 shares of company stock worth $5,099,893 in the last three months. Insiders own 0.26% of the company’s stock.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.