Schlumberger Limited (NYSE:SLB) Shares Sold by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. cut its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,878 shares of the oil and gas company's stock after selling 6,365 shares during the period. BOK Financial Private Wealth Inc.'s holdings in Schlumberger were worth $1,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in Schlumberger during the 3rd quarter worth $29,000. YANKCOM Partnership bought a new position in shares of Schlumberger in the 4th quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the fourth quarter worth $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Schlumberger in the third quarter valued at approximately $37,000. Institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other news, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This trade represents a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction 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 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. Over the last three months, insiders have sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is currently owned by insiders.

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Schlumberger Trading Down 2.6 %

Shares of NYSE:SLB traded down $1.05 during trading on Tuesday, reaching $40.09. The company's stock had a trading volume of 10,668,222 shares, compared to its average volume of 14,427,153. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The firm's 50 day simple moving average is $40.80 and its two-hundred day simple moving average is $41.61. The stock has a market capitalization of $54.51 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, research analysts predict 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. Stockholders 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Evercore ISI restated an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. TD Cowen increased their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Griffin Securities downgraded Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.81.

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.