Sequoia Financial Advisors LLC Purchases 9,381 Shares of Schlumberger Limited (NYSE:SLB)

Sequoia Financial Advisors LLC raised its position in shares of Schlumberger Limited (NYSE:SLB) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 474,837 shares of the oil and gas company’s stock after purchasing an additional 9,381 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schlumberger were worth $19,919,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. &PARTNERS bought a new position in shares of Schlumberger during the 1st quarter valued at approximately $265,000. Strategic Planning Group LLC lifted its holdings in Schlumberger by 20.1% in the 1st quarter. Strategic Planning Group LLC now owns 11,481 shares of the oil and gas company’s stock worth $629,000 after purchasing an additional 1,921 shares in the last quarter. Community Bank of Raymore purchased a new position in Schlumberger in the 1st quarter worth approximately $243,000. First Financial Corp IN lifted its holdings in Schlumberger by 14.2% in the 1st quarter. First Financial Corp IN now owns 3,105 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 387 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in Schlumberger by 5.6% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 13,944 shares of the oil and gas company’s stock worth $764,000 after purchasing an additional 745 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Trading Down 1.0 %

Schlumberger stock traded down $0.44 during mid-day trading on Tuesday, hitting $41.99. The company’s stock had a trading volume of 3,761,762 shares, compared to its average volume of 11,068,771. The company has a 50 day moving average of $43.07 and a 200-day moving average of $45.87. The stock has a market cap of $59.62 billion, a PE ratio of 13.64, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.49. Schlumberger Limited has a one year low of $38.66 and a one year high of $59.05.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. Schlumberger’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. On average, research analysts anticipate that Schlumberger Limited will post 3.44 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s payout ratio is 35.37%.

Analyst Ratings Changes

A number of research analysts recently commented on SLB shares. Dbs Bank started coverage on Schlumberger in a report on Wednesday, September 18th. They issued a “buy” rating and a $64.50 price target on the stock. Wells Fargo & Company lowered their price target on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 25th. UBS Group lowered their price target on Schlumberger from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. BMO Capital Markets lowered their price target on Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Finally, Evercore ISI decreased their price objective on Schlumberger from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.03.

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.