Jacobs & Co. CA Has $201,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Jacobs & Co. CA cut its holdings in Schlumberger Limited (NYSE:SLB) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,255 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Jacobs & Co. CA’s holdings in Schlumberger were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. ORG Partners LLC raised its position in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Schlumberger in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Schlumberger in the third quarter valued at approximately $37,000. DiNuzzo Private Wealth Inc. raised its position in shares of Schlumberger by 1,068.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 876 shares during the period. Finally, J. Stern & Co. LLP bought a new position in shares of Schlumberger in the third quarter valued at approximately $47,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Trading Up 0.3 %

Schlumberger stock traded up $0.11 during trading hours on Friday, reaching $38.92. 8,404,924 shares of the company’s stock traded hands, compared to its average volume of 9,856,421. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The firm has a market capitalization of $54.96 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.42 and a beta of 1.52. The firm’s 50 day moving average is $41.00 and its 200-day moving average is $43.16.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a yield of 2.83%. Schlumberger’s payout ratio is presently 35.37%.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Dbs Bank initiated coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price on the stock. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Evercore ISI dropped their target price on shares of Schlumberger from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Susquehanna dropped their target price on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $57.58.

Insider Buying and Selling at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at $8,880,160.30. This represents a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.