Hollencrest Capital Management Has $882,000 Stock Position in Schlumberger Limited. (NYSE:SLB)

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Hollencrest Capital Management increased its position in shares of Schlumberger Limited. (NYSE:SLB) by 35.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,929 shares of the oil and gas company’s stock after purchasing an additional 5,700 shares during the quarter. Hollencrest Capital Management’s holdings in Schlumberger were worth $882,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pillar Pacific Capital Management LLC increased its position in Schlumberger by 7.2% in the 3rd quarter. Pillar Pacific Capital Management LLC now owns 68,072 shares of the oil and gas company’s stock valued at $2,326,000 after acquiring an additional 4,570 shares in the last quarter. Wealthfront Advisers LLC increased its position in Schlumberger by 76.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 119,771 shares of the oil and gas company’s stock valued at $4,093,000 after acquiring an additional 52,045 shares in the last quarter. Putnam FL Investment Management Co. increased its position in Schlumberger by 45.2% in the 3rd quarter. Putnam FL Investment Management Co. now owns 7,671 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 2,387 shares in the last quarter. D.A. Davidson & CO. increased its position in Schlumberger by 10.3% in the 3rd quarter. D.A. Davidson & CO. now owns 208,784 shares of the oil and gas company’s stock valued at $7,134,000 after acquiring an additional 19,534 shares in the last quarter. Finally, Boston Partners increased its position in Schlumberger by 80.0% in the 3rd quarter. Boston Partners now owns 60,869 shares of the oil and gas company’s stock valued at $2,080,000 after acquiring an additional 27,061 shares in the last quarter. Institutional investors and hedge funds own 76.52% of the company’s stock.

In related news, EVP Patrick Schorn sold 65,000 shares of Schlumberger stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $35.89, for a total transaction of $2,332,850.00. Following the transaction, the executive vice president now owns 50,000 shares of the company’s stock, valued at approximately $1,794,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Howard Guild sold 9,000 shares of Schlumberger stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $35.36, for a total transaction of $318,240.00. In the last quarter, insiders have sold 99,735 shares of company stock valued at $3,594,864. 0.48% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the stock. Cowen cut shares of Schlumberger from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $44.00 to $42.00 in a research report on Tuesday. Morgan Stanley set a $50.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research report on Monday, October 21st. Deutsche Bank assumed coverage on shares of Schlumberger in a research report on Wednesday, November 27th. They issued a “buy” rating and a $42.00 price objective for the company. Credit Suisse Group restated a “hold” rating and issued a $36.00 price objective on shares of Schlumberger in a research report on Wednesday. Finally, TheStreet cut shares of Schlumberger from a “c” rating to a “d+” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Schlumberger currently has a consensus rating of “Buy” and an average price target of $42.71.

Shares of NYSE:SLB opened at $36.43 on Friday. Schlumberger Limited. has a one year low of $30.65 and a one year high of $48.88. The company has a 50 day moving average of $39.13 and a 200-day moving average of $36.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.95. The stock has a market cap of $51.15 billion, a price-to-earnings ratio of -4.97, a P/E/G ratio of 2.79 and a beta of 1.59.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Schlumberger had a negative net margin of 30.80% and a positive return on equity of 6.77%. The company had revenue of $8.23 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same quarter in the previous year, the company earned $0.36 EPS. Schlumberger’s revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Schlumberger Limited. will post 1.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Tuesday, February 11th. Schlumberger’s dividend payout ratio is 136.05%.

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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