LaFleur & Godfrey LLC Sells 26,021 Shares of Schlumberger Limited (NYSE:SLB)

LaFleur & Godfrey LLC trimmed its position in Schlumberger Limited (NYSE:SLB - Free Report) by 49.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,023 shares of the oil and gas company's stock after selling 26,021 shares during the period. LaFleur & Godfrey LLC's holdings in Schlumberger were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Schlumberger by 2.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock valued at $566,000 after acquiring an additional 293 shares during the last quarter. BigSur Wealth Management LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at $1,722,000. Community Bank of Raymore bought a new position in Schlumberger in the 4th quarter worth about $246,000. Diversify Advisory Services LLC increased its position in Schlumberger by 13.3% in the 4th quarter. Diversify Advisory Services LLC now owns 11,274 shares of the oil and gas company's stock valued at $435,000 after acquiring an additional 1,327 shares during the period. Finally, Guardian Investment Management acquired a new stake in Schlumberger in the fourth quarter worth about $1,215,000. 81.99% of the stock is owned by institutional investors.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares in the company, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SLB shares. BMO Capital Markets decreased their target price on Schlumberger from $53.00 to $48.00 in a research note on Thursday. Citigroup dropped their target price on Schlumberger from $53.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Bank of America dropped their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company decreased their target price on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group dropped their price target on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.03.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $2.49 on Monday, hitting $43.58. The stock had a trading volume of 30,717,717 shares, compared to its average volume of 10,770,376. The company has a market capitalization of $61.54 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The firm's 50 day moving average price is $40.86 and its 200-day moving average price is $42.84. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69.

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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9,241,140 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. Schlumberger's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities research analysts predict that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's payout ratio is 35.37%.

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.