Adell Harriman & Carpenter Inc. trimmed its position in Schlumberger Limited. (NYSE:SLB) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,286 shares of the oil and gas company’s stock after selling 3,098 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Schlumberger were worth $2,462,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger during the 2nd quarter valued at about $100,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Schlumberger during the 2nd quarter valued at about $107,000. Tradewinds Capital Management LLC raised its holdings in shares of Schlumberger by 22.3% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 298 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 1,000 shares during the period. Finally, Atlantic Trust LLC purchased a new stake in shares of Schlumberger during the 2nd quarter valued at about $137,000. Institutional investors own 79.35% of the company’s stock.
In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Several equities research analysts recently commented on the company. Cowen set a $85.00 target price on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. B. Riley set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group set a $78.00 target price on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Citigroup raised their target price on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank of Canada set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a report on Saturday, October 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $79.56.
Schlumberger Limited. (NYSE:SLB) opened at $76.37 on Friday. The company has a market capitalization of $105,790.00, a P/E ratio of 195.82, a PEG ratio of 1.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. Schlumberger Limited. has a 12-month low of $61.02 and a 12-month high of $87.84.
Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. research analysts expect that Schlumberger Limited. will post 1.46 earnings per share for the current year.
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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