Schlumberger Limited (NYSE:SLB) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC reduced its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,116 shares of the oil and gas company's stock after selling 86,911 shares during the quarter. Oak Family Advisors LLC's holdings in Schlumberger were worth $1,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in Schlumberger by 25.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock valued at $31,961,000 after acquiring an additional 156,698 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after acquiring an additional 16,350 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Schlumberger by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 817,771 shares of the oil and gas company's stock worth $34,305,000 after acquiring an additional 65,318 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Schlumberger by 269.1% during the third quarter. Concurrent Investment Advisors LLC now owns 19,718 shares of the oil and gas company's stock worth $827,000 after purchasing an additional 14,376 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Schlumberger by 26.0% during the third quarter. Los Angeles Capital Management LLC now owns 307,040 shares of the oil and gas company's stock valued at $12,880,000 after purchasing an additional 63,413 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Down 2.0 %

Shares of SLB opened at $40.21 on Monday. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $40.49 and a two-hundred day moving average price of $42.54. The stock has a market cap of $56.32 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 9.55 and a beta of 1.51.

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, topping 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 for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. Equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

SLB has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Barclays dropped their price target on Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. Stifel Nicolaus lowered their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Finally, Sanford C. Bernstein upgraded Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.81.

Insider Activity

In other news, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger 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 directly owns 49,595 shares of the company's stock, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dianne B. Ralston sold 43,161 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares in the company, valued at approximately $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock valued at $11,442,229 over the last three months. 0.26% of the stock is owned by insiders.

Schlumberger Company 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.

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