Schrum Private Wealth Management LLC decreased its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 49.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,781 shares of the oil and gas company's stock after selling 9,667 shares during the quarter. Schrum Private Wealth Management LLC's holdings in Schlumberger were worth $375,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. CX Institutional grew its stake in Schlumberger by 2.4% in the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after acquiring an additional 244 shares during the period. GM Advisory Group LLC increased its stake in shares of Schlumberger by 3.8% in the 3rd quarter. GM Advisory Group LLC now owns 6,701 shares of the oil and gas company's stock valued at $281,000 after purchasing an additional 247 shares during the last quarter. TCW Group Inc. raised its holdings in Schlumberger by 1.3% in the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock valued at $759,000 after buying an additional 259 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Schlumberger by 0.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after acquiring an additional 262 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its stake in shares of Schlumberger by 7.0% in the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after buying an additional 283 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.
In related news, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the sale, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 290,772 shares of company stock worth $12,546,660 in the last quarter. 0.26% of the stock is currently owned by company insiders.
Shares of Schlumberger stock opened at $39.47 on Thursday. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $53.67 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The stock's fifty day moving average is $40.62 and its 200-day moving average is $41.70.
Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the company earned $0.86 earnings per share. Schlumberger's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is 36.66%.
Several research analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus lowered their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. Griffin Securities downgraded shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. BMO Capital Markets dropped their target price on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price of $55.81.
View Our Latest Report on SLB
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.
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