Schlumberger Limited (NYSE:SLB) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,076,299 shares of the oil and gas company's stock after selling 1,301,648 shares during the quarter. FMR LLC owned about 0.65% of Schlumberger worth $347,985,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CX Institutional boosted its stake in shares of Schlumberger by 2.4% during the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after buying an additional 244 shares during the period. TCW Group Inc. lifted its position in Schlumberger by 1.3% during the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after acquiring an additional 259 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Schlumberger by 0.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after purchasing an additional 262 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Schlumberger by 7.0% in the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after purchasing an additional 283 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Schlumberger by 2.0% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

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Schlumberger Price Performance

SLB stock traded up $0.69 on Wednesday, reaching $34.45. The company had a trading volume of 3,292,500 shares, compared to its average volume of 17,316,727. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company's fifty day moving average is $39.72 and its 200 day moving average is $40.92. The company has a market cap of $46.84 billion, a P/E ratio of 11.08, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $51.96.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the company earned $0.86 earnings per share. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.31%. Schlumberger's payout ratio is 36.66%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SLB shares. BMO Capital Markets lowered their price objective on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. TD Cowen boosted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Susquehanna dropped their target price on Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Monday. Finally, Barclays reduced their price target on Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.15.

Insider Activity

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares of the company's stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the transaction, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock valued at $13,609,283 over the last 90 days. Insiders own 0.26% of the company's stock.

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.