Schlumberger Limited (NYSE:SLB) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in Schlumberger Limited (NYSE:SLB - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,339,928 shares of the oil and gas company's stock after selling 109,518 shares during the period. Chevy Chase Trust Holdings LLC owned 0.17% of Schlumberger worth $89,713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC increased its holdings in Schlumberger by 9.0% during the fourth quarter. V Square Quantitative Management LLC now owns 28,932 shares of the oil and gas company's stock valued at $1,109,000 after buying an additional 2,378 shares during the period. Littlejohn Financial Services Inc. purchased a new position in Schlumberger during the 4th quarter worth $2,004,000. Vontobel Holding Ltd. increased its holdings in shares of Schlumberger by 22.7% during the fourth quarter. Vontobel Holding Ltd. now owns 470,925 shares of the oil and gas company's stock valued at $18,055,000 after acquiring an additional 87,098 shares in the last quarter. Bogart Wealth LLC increased its stake in Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 844 shares in the last quarter. Finally, Avestar Capital LLC increased its position in shares of Schlumberger by 13.1% in the 4th quarter. Avestar Capital LLC now owns 7,006 shares of the oil and gas company's stock valued at $269,000 after acquiring an additional 814 shares during the period. Institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SLB. Citigroup raised their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. BMO Capital Markets cut their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Stifel Nicolaus decreased their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Insider Activity at Schlumberger

In other news, VP Ugo Prechner sold 7,000 shares of the business's 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. The trade was a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock valued at $11,442,229 over the last ninety days. Insiders own 0.26% of the company's stock.

Schlumberger Stock Down 0.8 %

Shares of NYSE:SLB traded down $0.34 during trading on Monday, hitting $41.75. The company's stock had a trading volume of 12,223,889 shares, compared to its average volume of 15,414,117. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The company has a market capitalization of $58.48 billion, a PE ratio of 13.42, a P/E/G ratio of 9.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The business has a 50 day moving average price of $40.08 and a two-hundred day moving average price of $41.96.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is currently 36.66%.

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.