Builder Investment Group Inc. ADV Cuts Holdings in Schlumberger Limited (NYSE:SLB)

Builder Investment Group Inc. ADV trimmed its holdings in shares of Schlumberger Limited (NYSE:SLB) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,408 shares of the oil and gas company’s stock after selling 1,100 shares during the quarter. Schlumberger makes up approximately 1.4% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 19th biggest holding. Builder Investment Group Inc. ADV’s holdings in Schlumberger were worth $5,093,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. &PARTNERS purchased a new position in Schlumberger in the first quarter worth $265,000. Strategic Planning Group LLC grew its holdings in shares of Schlumberger by 20.1% during the first quarter. Strategic Planning Group LLC now owns 11,481 shares of the oil and gas company’s stock valued at $629,000 after buying an additional 1,921 shares during the last quarter. Community Bank of Raymore purchased a new stake in shares of Schlumberger during the first quarter valued at $243,000. First Financial Corp IN grew its holdings in shares of Schlumberger by 14.2% during the first quarter. First Financial Corp IN now owns 3,105 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 387 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of Schlumberger by 5.6% during the first quarter. Kingswood Wealth Advisors LLC now owns 13,944 shares of the oil and gas company’s stock valued at $764,000 after buying an additional 745 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Stock Up 1.2 %

SLB opened at $42.43 on Tuesday. Schlumberger Limited has a twelve month low of $38.66 and a twelve month high of $59.05. The company has a market cap of $60.24 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $43.07 and a 200 day moving average price of $45.87.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The firm had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts expect that Schlumberger Limited will post 3.44 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.59%. Schlumberger’s dividend payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

SLB has been the topic of a number of research analyst reports. TD Cowen dropped their price objective on shares of Schlumberger from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Dbs Bank initiated coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $60.00 target price (down from $62.00) on shares of Schlumberger in a research report on Monday. Barclays decreased their target price on shares of Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Schlumberger in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.