Motley Fool Wealth Management LLC Sells 11,031 Shares of Schlumberger Limited (NYSE:SLB)

Motley Fool Wealth Management LLC reduced its position in Schlumberger Limited (NYSE:SLB - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,368 shares of the oil and gas company's stock after selling 11,031 shares during the period. Motley Fool Wealth Management LLC's holdings in Schlumberger were worth $2,985,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. YANKCOM Partnership purchased a new stake in shares of Schlumberger in the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger in the 4th quarter valued at $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the 4th quarter valued at $34,000. Hager Investment Management Services LLC purchased a new position in Schlumberger during the 4th quarter worth $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Schlumberger by 468.9% in the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 844 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Citigroup upped their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. upped their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.69.

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Schlumberger Trading Down 0.6 %

SLB stock traded down $0.24 during trading on Friday, reaching $41.87. The company had a trading volume of 12,887,648 shares, compared to its average volume of 12,188,001. 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 Limited has a 52 week low of $36.52 and a 52 week high of $55.65. The business has a 50 day moving average of $41.29 and a 200 day moving average of $41.46. The company has a market cap of $56.93 billion, a P/E ratio of 13.46, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results 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 return on equity of 21.90% and a net margin of 12.29%. The firm 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 company earned $0.86 EPS. The business's 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 fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.72%. Schlumberger's dividend payout ratio is currently 36.66%.

Insider Buying and Selling

In other news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 in the last three months. 0.26% of the stock is owned by corporate 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.