Mutual of America Capital Management LLC Has $10.26 Million Stake in Schlumberger Limited (NYSE:SLB)

Mutual of America Capital Management LLC decreased its position in shares of Schlumberger Limited (NYSE:SLB) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,146 shares of the oil and gas company’s stock after selling 3,960 shares during the period. Mutual of America Capital Management LLC’s holdings in Schlumberger were worth $10,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carolinas Wealth Consulting LLC increased its holdings in shares of Schlumberger by 53.5% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,960 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 683 shares during the period. Highland Capital Management LLC increased its stake in Schlumberger by 2,494.0% in the fourth quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock valued at $5,278,000 after acquiring an additional 97,516 shares during the period. Nordea Investment Management AB increased its stake in Schlumberger by 36.4% in the fourth quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock valued at $74,080,000 after acquiring an additional 380,185 shares during the period. Asset Management One Co. Ltd. increased its stake in Schlumberger by 6.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock valued at $31,726,000 after acquiring an additional 35,763 shares during the period. Finally, Sapient Capital LLC bought a new stake in Schlumberger in the fourth quarter valued at about $1,389,000. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. HSBC restated a “buy” rating and issued a $71.00 price target on shares of Schlumberger in a research report on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a research report on Tuesday, June 25th. Citigroup reduced their target price on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, Bank of America reduced their target price on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.59.

Schlumberger Trading Down 1.2 %

NYSE:SLB traded down $0.54 during trading hours on Tuesday, hitting $45.70. The stock had a trading volume of 2,883,743 shares, compared to its average volume of 11,183,699. The business’s 50 day moving average is $46.38 and its 200-day moving average is $49.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. Schlumberger Limited has a one year low of $42.61 and a one year high of $62.12. The company has a market cap of $65.32 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.89 and a beta of 1.55.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Sell-side analysts anticipate that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a yield of 2.41%. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 4,980 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.43, for a total transaction of $216,281.40. Following the completion of the sale, the insider now owns 22,518 shares in the company, valued at approximately $977,956.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Bejar Carmen Rando sold 4,980 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.43, for a total transaction of $216,281.40. Following the completion of the sale, the insider now owns 22,518 shares in the company, valued at approximately $977,956.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gavin Rennick sold 38,083 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the transaction, the insider now directly owns 45,851 shares in the company, valued at $2,213,686.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,158 shares of company stock worth $5,099,893. 0.26% of the stock is owned by insiders.

About Schlumberger

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.