Laurel Wealth Advisors LLC Has $246,000 Holdings in Schlumberger Limited (NYSE:SLB)

Laurel Wealth Advisors LLC decreased its stake in Schlumberger Limited (NYSE:SLB) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,411 shares of the oil and gas company’s stock after selling 894 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Schlumberger were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLB. Oppenheimer Asset Management Inc. boosted its stake in Schlumberger by 50.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,133 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 2,063 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Schlumberger by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 927,875 shares of the oil and gas company’s stock worth $43,777,000 after purchasing an additional 87,236 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Schlumberger by 40.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 17,990 shares of the oil and gas company’s stock valued at $849,000 after buying an additional 5,179 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Schlumberger by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company’s stock valued at $333,445,000 after buying an additional 915,705 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Schlumberger by 21.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 11,847 shares of the oil and gas company’s stock valued at $559,000 after buying an additional 2,061 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Up 0.3 %

NYSE SLB opened at $39.95 on Wednesday. The company has a market cap of $56.42 billion, a PE ratio of 12.85, a PEG ratio of 1.42 and a beta of 1.52. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The stock has a 50 day moving average of $40.95 and a 200-day moving average of $42.95. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

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

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th were paid a $0.275 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.75%. Schlumberger’s dividend payout ratio is 35.37%.

Analyst Ratings Changes

A number of research firms have issued reports on SLB. Jefferies Financial Group decreased their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Bank of America decreased their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Schlumberger in a research note on Thursday, October 3rd. Stifel Nicolaus reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Citigroup dropped their price objective on shares of Schlumberger from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Schlumberger presently has a consensus rating of “Moderate Buy” and an average target price of $56.58.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. This represents a 22.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.