Candriam S.C.A. Has $8.91 Million Position in Schlumberger Limited (NYSE:SLB)

Candriam S.C.A. lessened its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,426 shares of the oil and gas company's stock after selling 7,977 shares during the quarter. Candriam S.C.A.'s holdings in Schlumberger were worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Schlumberger by 0.6% in the 3rd quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock valued at $3,808,476,000 after acquiring an additional 528,279 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Schlumberger by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock valued at $1,195,290,000 after purchasing an additional 239,966 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Schlumberger by 12,289.6% in the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $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 boosted its stake in shares of Schlumberger by 20.6% in 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 valued at $470,425,000 after purchasing an additional 1,916,851 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Schlumberger by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,244,975 shares of the oil and gas company's stock valued at $316,112,000 after purchasing an additional 254,178 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLB. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. TD Cowen raised their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Atb Cap Markets lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Jefferies Financial Group reduced their target price on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Finally, Stifel Nicolaus reduced their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Six investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.81.

Insider Activity at Schlumberger

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares in the company, valued at $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 290,772 shares of company stock worth $12,546,660. Corporate insiders own 0.26% of the company's stock.

Schlumberger Stock Down 2.6 %

SLB traded down $1.05 during trading on Tuesday, reaching $40.09. 16,395,941 shares of the stock were exchanged, compared to its average volume of 14,579,891. The stock has a market cap of $54.51 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The stock's 50 day moving average price is $40.80 and its two-hundred day moving average price is $41.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

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

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.84%. Schlumberger's dividend payout ratio is 36.66%.

About Schlumberger

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.