Schlumberger Limited (NYSE:SLB) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in Schlumberger Limited (NYSE:SLB - Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 355,019 shares of the oil and gas company's stock after selling 31,005 shares during the period. Boston Trust Walden Corp's holdings in Schlumberger were worth $14,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in shares of Schlumberger during the 1st quarter worth approximately $27,000. Manchester Capital Management LLC boosted its holdings in shares of Schlumberger by 297.9% during the 1st quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 426 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of Schlumberger by 204.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 392 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 484 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in Schlumberger in the second quarter valued at approximately $30,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SLB shares. Bank of America decreased their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Stifel Nicolaus reiterated a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of Schlumberger in a report on Monday, October 21st. Citigroup decreased their price objective on Schlumberger from $60.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Finally, Wells Fargo & Company decreased their price objective on Schlumberger from $53.00 to $49.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $60.97.

Schlumberger Stock Up 1.2 %

Shares of Schlumberger stock traded up $0.49 during trading hours on Friday, reaching $41.74. 15,345,710 shares of the company were exchanged, compared to its average volume of 11,139,995. Schlumberger Limited has a 1 year low of $38.66 and a 1 year high of $57.75. The stock's fifty day moving average is $42.86 and its 200 day moving average is $45.52. 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 has a market cap of $59.66 billion, a PE ratio of 13.87, a PEG ratio of 1.48 and a beta of 1.51.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data 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. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Schlumberger Limited will post 3.41 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.64%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio (DPR) is presently 36.54%.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares of the company's stock, valued at $8,880,160.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.