Montag A & Associates Inc. Sells 2,796 Shares of Schlumberger Limited. (NYSE:SLB)

Montag A & Associates Inc. lowered its stake in Schlumberger Limited. (NYSE:SLB) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,224 shares of the oil and gas company’s stock after selling 2,796 shares during the quarter. Montag A & Associates Inc.’s holdings in Schlumberger were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fulcrum Capital LLC bought a new position in shares of Schlumberger in the third quarter worth about $7,301,000. Quad Cities Investment Group LLC bought a new position in shares of Schlumberger in the second quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Schlumberger in the second quarter worth about $32,000. Doyle Wealth Management bought a new position in shares of Schlumberger in the second quarter worth about $33,000. Finally, Shamrock Asset Management LLC raised its stake in shares of Schlumberger by 49.6% in the second quarter. Shamrock Asset Management LLC now owns 1,061 shares of the oil and gas company’s stock worth $42,000 after buying an additional 352 shares during the period. 76.52% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Simon Farrant sold 5,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $33.55, for a total value of $167,750.00. Following the sale, the vice president now owns 20,316 shares in the company, valued at $681,601.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

Schlumberger stock traded up $0.26 during trading hours on Friday, hitting $36.34. 8,211,488 shares of the stock traded hands, compared to its average volume of 10,844,604. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 0.95. The firm’s 50 day moving average price is $33.95 and its 200-day moving average price is $36.68. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 3.45 and a beta of 1.49. Schlumberger Limited. has a 1 year low of $30.65 and a 1 year high of $51.29.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.50 billion. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. Research analysts forecast that Schlumberger Limited. will post 1.47 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Wednesday, December 4th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. Schlumberger’s payout ratio is 123.46%.

Several research firms have recently commented on SLB. TheStreet downgraded Schlumberger from a “c” rating to a “d+” rating in a research note on Friday, October 18th. ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America set a $43.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Monday, October 21st. Cowen decreased their target price on Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Barclays set a $47.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Schlumberger has an average rating of “Buy” and an average target price of $44.82.

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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