Flossbach Von Storch SE Sells 119,114 Shares of Schlumberger Limited (NYSE:SLB)

Flossbach Von Storch SE decreased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,735 shares of the oil and gas company's stock after selling 119,114 shares during the period. Flossbach Von Storch SE's holdings in Schlumberger were worth $11,914,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SLB. State Street Corp grew its holdings 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 buying an additional 528,279 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Schlumberger by 0.8% in the third 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 acquiring an additional 239,966 shares during the period. Pacer Advisors Inc. boosted its position in shares of Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after acquiring an additional 12,938,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Schlumberger by 20.6% in the third 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 acquiring an additional 1,916,851 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Schlumberger by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company's stock valued at $310,696,000 after acquiring an additional 915,925 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $0.87 during midday trading on Friday, reaching $41.73. The company's stock had a trading volume of 13,669,641 shares, compared to its average volume of 12,443,092. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The company has a market capitalization of $58.45 billion, a P/E ratio of 13.42, a P/E/G ratio of 10.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The business's fifty day simple moving average is $40.20 and its 200-day simple moving average is $41.91.

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

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.73%. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

Insider Activity at Schlumberger

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Piper Sandler initiated coverage on Schlumberger in a research report on Thursday, December 19th. They issued a "neutral" rating and a $47.00 target price for the company. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and an average 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.