Brighton Jones LLC Trims Holdings in Schlumberger Limited. (SLB)

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Brighton Jones LLC reduced its position in shares of Schlumberger Limited. (NYSE:SLB) by 18.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,747 shares of the oil and gas company’s stock after selling 845 shares during the quarter. Brighton Jones LLC’s holdings in Schlumberger were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLB. Delek Group Ltd. purchased a new position in shares of Schlumberger in the 4th quarter valued at $100,000. Delpha Capital Management LLC purchased a new position in shares of Schlumberger in the 4th quarter valued at $119,000. SRS Capital Advisors Inc. increased its holdings in shares of Schlumberger by 57.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,323 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 849 shares during the period. Squar Milner Financial Services LLC purchased a new position in shares of Schlumberger in the 2nd quarter valued at $157,000. Finally, McKinley Carter Wealth Services Inc. purchased a new position in shares of Schlumberger in the 1st quarter valued at $154,000. Institutional investors own 78.46% of the company’s stock.

Schlumberger stock opened at $62.83 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $91.41 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 6.00 and a beta of 0.97. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $80.35.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 20th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Schlumberger had a positive return on equity of 6.25% and a negative net margin of 2.34%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. equities research analysts expect that Schlumberger Limited. will post 1.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Wednesday, September 5th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. Schlumberger’s dividend payout ratio is currently 133.33%.

A number of research analysts have recently issued reports on the company. Seaport Global Securities set a $72.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, July 23rd. Citigroup cut their price target on Schlumberger from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a report on Monday, July 23rd. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Jefferies Financial Group set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company’s stock. Schlumberger presently has a consensus rating of “Buy” and a consensus price target of $79.91.

About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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