Founders Financial Securities LLC cut its stake in shares of Schlumberger Limited. (NYSE:SLB) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,175 shares of the oil and gas company’s stock after selling 2,850 shares during the period. Founders Financial Securities LLC’s holdings in Schlumberger were worth $802,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ellis Investment Partners LLC acquired a new stake in Schlumberger in the first quarter valued at $26,000. CX Institutional increased its holdings in Schlumberger by 158.4% in the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 396 shares during the period. Quad Cities Investment Group LLC acquired a new stake in Schlumberger in the second quarter valued at $32,000. Sontag Advisory LLC acquired a new stake in Schlumberger in the fourth quarter valued at $36,000. Finally, Old North State Trust LLC increased its holdings in Schlumberger by 100.2% in the first quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 436 shares during the period. Institutional investors own 77.09% of the company’s stock.

In other news, insider Stephanie Cox sold 24,057 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $40.59, for a total transaction of $976,473.63. Following the transaction, the insider now owns 46,354 shares of the company’s stock, valued at approximately $1,881,508.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $38.93, for a total transaction of $473,038.43. Following the transaction, the executive vice president now directly owns 130,000 shares in the company, valued at approximately $5,060,900. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on the company. Royal Bank of Canada increased their price objective on WestJet Airlines from C$20.00 to C$31.00 and gave the company a “sector perform” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. decreased their price objective on Schlumberger from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Piper Jaffray Companies set a $40.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Monday, July 1st. Barclays set a $192.00 price objective on Tesla and gave the company a “sell” rating in a report on Tuesday, April 9th. Finally, SunTrust Banks set a $75.00 price objective on Cimarex Energy and gave the company a “hold” rating in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Schlumberger has a consensus rating of “Hold” and a consensus price target of $52.17.

Shares of SLB stock traded down $1.04 on Monday, reaching $38.97. 193,435 shares of the company were exchanged, compared to its average volume of 8,878,525. The stock has a market capitalization of $55.00 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.45. The firm has a 50-day simple moving average of $38.62. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. Schlumberger Limited. has a one year low of $34.46 and a one year high of $68.30.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The company had revenue of $8.27 billion for the quarter, compared to analysts’ expectations of $8.11 billion. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. Equities research analysts predict that Schlumberger Limited. will post 1.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.13%. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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