Schlumberger Limited (NYSE:SLB) Shares Sold by AIA Group Ltd

AIA Group Ltd trimmed its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,497 shares of the oil and gas company's stock after selling 49,171 shares during the period. AIA Group Ltd's holdings in Schlumberger were worth $3,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SLB. State Street Corp boosted its position in Schlumberger by 0.6% during the third quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock worth $3,808,476,000 after purchasing an additional 528,279 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Schlumberger by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock worth $1,195,290,000 after buying an additional 239,966 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Schlumberger by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company's stock valued at $1,067,254,000 after acquiring an additional 343,261 shares during the last quarter. Norges Bank purchased a new position in Schlumberger during the 4th quarter valued at about $735,398,000. Finally, Boston Partners raised its position in Schlumberger by 9.9% during the fourth quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock worth $597,356,000 after acquiring an additional 1,405,186 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Trading Down 11.3 %

SLB stock traded down $4.45 during trading on Friday, reaching $34.77. 49,170,861 shares of the stock traded hands, compared to its average volume of 12,477,485. The firm has a market capitalization of $47.28 billion, a PE ratio of 11.18, a P/E/G ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The business's 50 day moving average price is $41.02 and its 200-day moving average price is $41.45. Schlumberger Limited has a 52-week low of $34.04 and a 52-week high of $55.65.

Schlumberger (NYSE:SLB - Get Free Report) last released 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 net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is currently 36.66%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares of the company's stock, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock valued at $13,609,283 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.69.

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.