Peoples Financial Services CORP. Cuts Stock Holdings in Schlumberger Limited (NYSE:SLB)

Peoples Financial Services CORP. decreased its stake in shares of Schlumberger Limited (NYSE:SLB) by 28.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,487 shares of the oil and gas company’s stock after selling 2,525 shares during the period. Peoples Financial Services CORP.’s holdings in Schlumberger were worth $192,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SLB. Lathrop Investment Management Corp boosted its position in Schlumberger by 6.3% in the third quarter. Lathrop Investment Management Corp now owns 344,082 shares of the oil and gas company’s stock worth $10,199,000 after purchasing an additional 20,525 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in Schlumberger by 83.3% in the third quarter. Cedar Mountain Advisors LLC now owns 1,100 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Private Advisor Group LLC boosted its position in Schlumberger by 124.6% in the third quarter. Private Advisor Group LLC now owns 76,933 shares of the oil and gas company’s stock worth $2,280,000 after purchasing an additional 42,679 shares during the last quarter. Foundry Partners LLC boosted its position in Schlumberger by 2.8% in the third quarter. Foundry Partners LLC now owns 510,470 shares of the oil and gas company’s stock worth $15,130,000 after purchasing an additional 13,825 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in Schlumberger by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 138,822 shares of the oil and gas company’s stock worth $4,115,000 after purchasing an additional 3,515 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

NYSE:SLB opened at $29.70 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.27. Schlumberger Limited has a 52-week low of $20.78 and a 52-week high of $36.87. The firm has a market cap of $41.66 billion, a price-to-earnings ratio of 25.38 and a beta of 2.29. The business’s fifty day moving average is $31.90 and its 200 day moving average is $30.93.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Thursday, October 21st. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Schlumberger had a return on equity of 11.90% and a net margin of 7.44%. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities analysts predict that Schlumberger Limited will post 1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Wednesday, December 1st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, November 30th. Schlumberger’s payout ratio is 42.74%.

SLB has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and issued a $48.00 price objective (up previously from $38.00) on shares of Schlumberger in a research report on Monday, October 25th. Benchmark assumed coverage on Schlumberger in a research report on Friday, November 19th. They issued a “hold” rating on the stock. Oddo Securities assumed coverage on Schlumberger in a research note on Thursday, October 14th. They issued an “outperform” rating and a $44.50 target price on the stock. Oddo Bhf assumed coverage on Schlumberger in a research note on Thursday, October 14th. They issued an “outperform” rating and a $44.50 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Schlumberger from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $28.00 to $37.00 in a research note on Thursday, October 7th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Schlumberger currently has an average rating of “Buy” and a consensus price target of $34.72.

Schlumberger Profile

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

See Also: Outperform Rating

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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