Reilly Financial Advisors LLC Raises Stake in Schlumberger (SLB)

Reilly Financial Advisors LLC increased its position in shares of Schlumberger (NYSE:SLB) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,283 shares of the oil and gas company’s stock after acquiring an additional 2,534 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Schlumberger were worth $8,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Randolph Co Inc acquired a new position in shares of Schlumberger during the fourth quarter valued at $10,771,000. Twin Tree Management LP lifted its stake in shares of Schlumberger by 135.8% during the fourth quarter. Twin Tree Management LP now owns 51,268 shares of the oil and gas company’s stock valued at $3,455,000 after acquiring an additional 194,616 shares during the period. Lake Street Advisors Group LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at $848,000. Gould Asset Management LLC CA acquired a new position in shares of Schlumberger during the third quarter valued at $250,000. Finally, MUFG Securities EMEA plc acquired a new position in Schlumberger in the fourth quarter valued at about $7,278,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger opened at $71.22 on Friday, according to MarketBeat.com. The stock has a market cap of $102.11 billion, a PE ratio of 47.48, a price-to-earnings-growth ratio of 5.99 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. Schlumberger has a one year low of $61.02 and a one year high of $80.35.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.38. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.79 billion. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. Schlumberger’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. research analysts anticipate that Schlumberger will post 2.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Wednesday, June 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.81%. Schlumberger’s payout ratio is presently 133.33%.

Several equities analysts have weighed in on SLB shares. SunTrust Banks raised Schlumberger from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Credit Suisse Group set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Wednesday, March 14th. Barclays set a $70.00 target price on Schlumberger and gave the company a “hold” rating in a research note on Saturday, March 24th. Finally, Griffin Securities raised Schlumberger from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $79.88.

In related news, VP Claudia Jaramillo sold 3,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.68, for a total transaction of $218,040.00. Following the completion of the transaction, the vice president now directly owns 6,162 shares in the company, valued at $447,854.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Patrick Schorn acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were purchased at an average price of $64.79 per share, with a total value of $323,950.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 18,000 shares of company stock valued at $1,163,650. 0.48% of the stock is owned by corporate insiders.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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