Congress Wealth Management LLC DE Has $1.05 Million Position in Schlumberger Limited (NYSE:SLB)

Congress Wealth Management LLC DE decreased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,400 shares of the oil and gas company's stock after selling 15,429 shares during the period. Congress Wealth Management LLC DE's holdings in Schlumberger were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in Schlumberger in the 4th quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the 4th quarter worth about $34,000. Hager Investment Management Services LLC bought a new position in shares of Schlumberger in the 4th quarter valued at about $38,000. Finally, Bogart Wealth LLC grew its position in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

In related news, VP Ugo Prechner sold 7,000 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock valued at $12,546,660 in the last ninety days. 0.26% of the stock is currently owned by company insiders.

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Schlumberger Stock Performance

SLB traded down $0.02 during trading on Monday, hitting $41.87. The stock had a trading volume of 5,215,332 shares, compared to its average volume of 12,161,383. 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 company has a 50 day moving average price of $41.29 and a 200-day moving average price of $41.47. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.65. The firm has a market cap of $56.93 billion, a price-to-earnings ratio of 13.44, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company 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%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. As a group, research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 2.72%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio is presently 36.66%.

Analyst Ratings Changes

A number of brokerages recently commented on SLB. BMO Capital Markets decreased their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. 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 dropped their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Citigroup boosted their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and an average price target of $55.69.

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.