Natixis Advisors LLC Sells 84,765 Shares of Schlumberger Limited (NYSE:SLB)

Natixis Advisors LLC lowered its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 395,422 shares of the oil and gas company's stock after selling 84,765 shares during the period. Natixis Advisors LLC's holdings in Schlumberger were worth $16,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ORG Partners LLC grew its stake in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 484 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Schlumberger by 204.2% during the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 392 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in Schlumberger during the second quarter valued at approximately $30,000. Riverview Trust Co grew its stake in Schlumberger by 90.6% during the second quarter. Riverview Trust Co now owns 648 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 308 shares in the last quarter. Finally, First Community Trust NA grew its stake in Schlumberger by 264.0% during the second quarter. First Community Trust NA now owns 728 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 528 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the sale, the executive vice president now owns 211,937 shares of the company's stock, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.

Schlumberger Trading Up 0.1 %

NYSE SLB traded up $0.05 during trading on Wednesday, hitting $43.15. The company had a trading volume of 4,815,711 shares, compared to its average volume of 11,215,091. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a one year low of $38.66 and a one year high of $55.69. The company has a market cap of $60.93 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. The company's fifty day moving average is $42.53 and its 200-day moving average is $44.61.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The firm had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, sell-side analysts predict that Schlumberger Limited will post 3.4 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger's dividend payout ratio (DPR) is 35.37%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SLB. Bank of America cut their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Sanford C. Bernstein raised shares of Schlumberger to a "strong-buy" rating in a research note on Tuesday, November 12th. BMO Capital Markets cut their price target on shares of Schlumberger from $60.00 to $58.00 and set an "outperform" rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of Schlumberger from $64.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. Finally, Dbs Bank began coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They issued a "buy" rating and a $64.50 price target for the company. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.97.

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.