Schlumberger Limited (NYSE:SLB) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. reduced its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 79.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,186 shares of the oil and gas company's stock after selling 68,265 shares during the quarter. Duncker Streett & Co. Inc.'s holdings in Schlumberger were worth $697,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Prospera Private Wealth LLC purchased a new stake in Schlumberger in the third quarter valued at about $29,000. YANKCOM Partnership purchased a new stake in Schlumberger in the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger in the fourth quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger in the fourth quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schlumberger in the third quarter valued at about $37,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger 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 transaction, the director now owns 49,595 shares in the company, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by corporate insiders.

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Schlumberger Price Performance

SLB traded up $0.39 during trading on Wednesday, hitting $39.47. The company's stock had a trading volume of 13,651,038 shares, compared to its average volume of 14,370,351. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The business's fifty day simple moving average is $40.62 and its 200 day simple moving average is $41.70. The firm has a market capitalization of $53.67 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.89%. Schlumberger's payout ratio is currently 36.66%.

Analysts Set New Price Targets

SLB has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Barclays reduced their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. Jefferies Financial Group reduced their price objective on Schlumberger from $64.00 to $61.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Finally, BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Schlumberger Company 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.