Oxbow Advisors LLC Raises Holdings in Schlumberger Limited. (NYSE:SLB)

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Oxbow Advisors LLC boosted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 79.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,649 shares of the oil and gas company’s stock after acquiring an additional 110,871 shares during the quarter. Schlumberger accounts for about 1.2% of Oxbow Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Oxbow Advisors LLC’s holdings in Schlumberger were worth $9,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Quad Cities Investment Group LLC purchased a new stake in Schlumberger during the 2nd quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new position in Schlumberger during the 2nd quarter valued at approximately $32,000. Meridian Wealth Management LLC bought a new position in Schlumberger during the 1st quarter valued at approximately $38,000. Lenox Wealth Management Inc. raised its position in Schlumberger by 41.1% during the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 256 shares during the last quarter. Finally, Acima Private Wealth LLC raised its position in Schlumberger by 141.9% during the 1st quarter. Acima Private Wealth LLC now owns 924 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 542 shares during the last quarter. Institutional investors own 77.19% of the company’s stock.

SLB stock traded down $0.37 on Tuesday, reaching $31.22. 6,308,918 shares of the company traded hands, compared to its average volume of 10,675,213. Schlumberger Limited. has a one year low of $31.11 and a one year high of $65.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market cap of $44.30 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.44. The firm has a fifty day simple moving average of $36.89 and a 200-day simple moving average of $40.28.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. Schlumberger had a return on equity of 5.62% and a net margin of 6.38%. The company had revenue of $8.27 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts forecast that Schlumberger Limited. will post 1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 4th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

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

A number of research analysts have commented on SLB shares. JPMorgan Chase & Co. lowered their price target on Schlumberger from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. AltaCorp Capital reaffirmed an “outperform” rating on shares of Schlumberger in a research report on Thursday, June 20th. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research report on Friday, June 21st. Bank of America reaffirmed a “buy” rating and set a $51.00 price target (down previously from $60.00) on shares of Schlumberger in a research report on Tuesday, June 25th. Finally, Piper Jaffray Companies set a $40.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Monday, July 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.17.

Schlumberger 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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