Ruane Cunniff & Goldfarb Inc. Sells 2 Shares of Schlumberger Limited. (SLB)

Ruane Cunniff & Goldfarb Inc. cut its position in Schlumberger Limited. (NYSE:SLB) by 0.0% during the fourth quarter, Holdings Channel reports. The firm owned 33,642 shares of the company’s stock after selling 2 shares during the period. Ruane Cunniff & Goldfarb Inc.’s holdings in Schlumberger Limited. were worth $2,824,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SLB. Smith Asset Management Group LP increased its position in shares of Schlumberger Limited. by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock valued at $101,000 after buying an additional 80 shares in the last quarter. WealthTrust Arizona LLC increased its position in shares of Schlumberger Limited. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock valued at $112,000 after buying an additional 74 shares in the last quarter. Roble Belko & Company Inc increased its position in shares of Schlumberger Limited. by 5.5% in the third quarter. Roble Belko & Company Inc now owns 1,445 shares of the company’s stock valued at $114,000 after buying an additional 75 shares in the last quarter. Cable Hill Partners LLC increased its position in shares of Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the company’s stock valued at $115,000 after buying an additional 311 shares in the last quarter. Finally, Jacobus Wealth Management Inc. purchased a new position in shares of Schlumberger Limited. during the third quarter valued at about $118,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Institutional Ownership by Quarter for Schlumberger Limited. (NYSE:SLB)

Shares of Schlumberger Limited. (NYSE:SLB) opened at 76.96 on Friday. The stock’s market capitalization is $107.09 billion. The stock has a 50 day moving average of $80.20 and a 200-day moving average of $81.36. Schlumberger Limited. has a 52 week low of $71.34 and a 52 week high of $87.84.

Schlumberger Limited. (NYSE:SLB) last released its earnings results on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $7.11 billion for the quarter. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, equities research analysts expect that Schlumberger Limited. will post $1.80 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, February 13th. Schlumberger Limited.’s dividend payout ratio is presently -169.49%.

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Several brokerages have recently issued reports on SLB. Tudor Pickering began coverage on shares of Schlumberger Limited. in a research note on Thursday. They issued a “buy” rating on the stock. Scotiabank reiterated a “buy” rating and issued a $95.00 target price on shares of Schlumberger Limited. in a research note on Wednesday. FBR & Co upped their target price on shares of Schlumberger Limited. from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. Evercore ISI reiterated a “buy” rating and issued a $99.00 target price on shares of Schlumberger Limited. in a research note on Tuesday, January 31st. Finally, Zacks Investment Research downgraded shares of Schlumberger Limited. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $96.27.

In other Schlumberger Limited. news, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the sale, the director now owns 7,750 shares of the company’s stock, valued at approximately $631,935. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by insiders.

About Schlumberger Limited.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

5 Day Chart for NYSE:SLB

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