Pictet North America Advisors SA Lowers Stock Holdings in Schlumberger Limited (NYSE:SLB)

Pictet North America Advisors SA lowered its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 73.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,847 shares of the oil and gas company's stock after selling 34,765 shares during the quarter. Pictet North America Advisors SA's holdings in Schlumberger were worth $493,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in shares of Schlumberger by 205.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,636 shares of the oil and gas company's stock worth $656,000 after buying an additional 10,520 shares during the period. ORG Partners LLC boosted 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 worth $25,000 after acquiring an additional 484 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in Schlumberger by 10.9% in the third quarter. Foster Victor Wealth Advisors LLC now owns 6,980 shares of the oil and gas company's stock worth $309,000 after purchasing an additional 684 shares during the period. Sumitomo Life Insurance Co. increased its stake in Schlumberger by 4.3% in the third quarter. Sumitomo Life Insurance Co. now owns 18,172 shares of the oil and gas company's stock valued at $762,000 after purchasing an additional 755 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Schlumberger by 29.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 383,827 shares of the oil and gas company's stock worth $16,102,000 after purchasing an additional 86,608 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares of the company's stock, valued at $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the transaction, the director now owns 49,595 shares of the company's stock, valued at $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock valued at $11,442,229 in the last 90 days. Insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

NYSE SLB traded down $0.34 during trading hours on Monday, reaching $41.75. 12,223,889 shares of the company were exchanged, compared to its average volume of 15,414,117. The stock has a market capitalization of $58.48 billion, a P/E ratio of 13.42, a P/E/G ratio of 9.49 and a beta of 1.51. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The business's 50 day simple moving average is $40.08 and its 200-day simple moving average is $41.96.

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 the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the business posted $0.86 EPS. Schlumberger's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.73%. Schlumberger's payout ratio is presently 36.66%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen boosted their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. BMO Capital Markets lowered their target price on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Citigroup lifted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Schlumberger has an average rating of "Moderate Buy" and a consensus target price of $55.81.

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.