Robeco Institutional Asset Management B.V. Has $7.61 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Robeco Institutional Asset Management B.V. lessened its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,493 shares of the oil and gas company's stock after selling 311,452 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Schlumberger were worth $7,610,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in shares of Schlumberger by 12,289.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after purchasing an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Schlumberger by 20.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock worth $470,425,000 after acquiring an additional 1,916,851 shares during the period. Weiss Asset Management LP bought a new position in Schlumberger during the 3rd quarter valued at about $37,322,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Schlumberger during the 4th quarter valued at about $25,481,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Schlumberger by 395.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 778,938 shares of the oil and gas company's stock valued at $32,676,000 after acquiring an additional 621,809 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

In related news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now directly owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now directly 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. In the last ninety days, insiders sold 263,782 shares of company stock worth $11,442,229. 0.26% of the stock is currently owned by company insiders.

Schlumberger Stock Performance

Schlumberger stock traded down $0.12 on Monday, reaching $40.16. 12,503,219 shares of the stock were exchanged, compared to its average volume of 15,149,306. The stock has a market cap of $56.26 billion, a PE ratio of 12.91, a PEG ratio of 9.55 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The firm has a fifty day moving average price of $40.49 and a two-hundred day moving average price of $42.49.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. Sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.84%. This is a positive change 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 presently 35.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Barclays decreased their price target on shares of Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Stifel Nicolaus cut their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Finally, Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.