Dynasty Wealth Management LLC Has $686,000 Stock Position in Schlumberger Limited (NYSE:SLB)

Dynasty Wealth Management LLC cut its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 46.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,898 shares of the oil and gas company's stock after selling 15,394 shares during the quarter. Dynasty Wealth Management LLC's holdings in Schlumberger were worth $686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Schlumberger by 4,640.0% during the 3rd quarter. International Assets Investment Management LLC now owns 202,635 shares of the oil and gas company's stock valued at $8,501,000 after acquiring an additional 198,360 shares during the period. Assenagon Asset Management S.A. lifted its position in Schlumberger by 6.7% during the third quarter. Assenagon Asset Management S.A. now owns 47,548 shares of the oil and gas company's stock worth $1,995,000 after purchasing an additional 2,986 shares during the period. Financial Advocates Investment Management grew its stake in Schlumberger by 11.5% during the third quarter. Financial Advocates Investment Management now owns 7,311 shares of the oil and gas company's stock worth $307,000 after buying an additional 753 shares in the last quarter. HM Payson & Co. raised its position in shares of Schlumberger by 7.8% in the 3rd quarter. HM Payson & Co. now owns 13,509 shares of the oil and gas company's stock valued at $567,000 after buying an additional 975 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Schlumberger by 12.6% during the 3rd quarter. US Bancorp DE now owns 1,744,342 shares of the oil and gas company's stock worth $73,176,000 after acquiring an additional 195,725 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Schlumberger

In other news, Director Vijay Kasibhatla sold 25,000 shares of the firm's 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 sale, the director now owns 49,595 shares of the company's stock, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ugo Prechner sold 7,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. The trade was a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock worth $12,546,660 over the last quarter. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a research report on Tuesday, November 12th. Evercore ISI reissued an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Griffin Securities downgraded Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Finally, Citigroup raised their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. 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 an average price target of $55.81.

Schlumberger Trading Down 1.1 %

Shares of NYSE SLB traded down $0.46 during trading on Tuesday, reaching $39.37. The company had a trading volume of 12,821,112 shares, compared to its average volume of 14,240,104. The stock has a market cap of $53.53 billion, a P/E ratio of 12.67, a PEG ratio of 10.10 and a beta of 1.47. The company's fifty day moving average price is $40.56 and its 200-day moving average price is $41.76. 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 12 month low of $36.52 and a 12 month high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last announced its 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. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. As a group, 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. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is currently 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.