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

AIA Group Ltd reduced its position in Schlumberger Limited (NYSE:SLB - Free Report) by 33.1% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 quarter.

A number of other large investors have also recently made changes to their positions in SLB. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Schlumberger by 25.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock valued at $31,961,000 after acquiring an additional 156,698 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock worth $3,223,000 after purchasing an additional 16,350 shares during the period. Bryn Mawr Capital Management LLC grew its position in Schlumberger by 502.6% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock worth $7,592,000 after purchasing an additional 165,162 shares during the last quarter. Narwhal Capital Management increased its stake in Schlumberger by 225.5% in the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock valued at $2,862,000 after purchasing an additional 51,715 shares during the period. Finally, Czech National Bank raised its holdings in shares of Schlumberger by 5.8% in the fourth quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock valued at $11,739,000 after buying an additional 16,914 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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Schlumberger Price Performance

Schlumberger stock traded up $0.03 during mid-day trading on Wednesday, hitting $42.23. 16,496,123 shares of the company were exchanged, compared to its average volume of 12,245,159. The company has a market capitalization of $57.43 billion, a P/E ratio of 13.58, a PEG ratio of 10.10 and a beta of 1.47. The business's 50 day simple moving average is $41.22 and its two-hundred day simple moving average is $41.50. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio is presently 36.66%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SLB shares. Atb Cap Markets cut Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Piper Sandler initiated coverage on Schlumberger in a report on Thursday, December 19th. They set a "neutral" rating and a $47.00 price target for the company. BMO Capital Markets dropped their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Six 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, Schlumberger has an average rating of "Moderate Buy" and an average price target of $55.69.

Insider Buying and Selling

In other news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is owned by company insiders.

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.