Schlumberger Limited (NYSE:SLB) Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,072,427 shares of the oil and gas company's stock after selling 52,590 shares during the quarter. Rathbones Group PLC owned 0.15% of Schlumberger worth $79,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. YANKCOM Partnership bought a new stake in Schlumberger during the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger in the 4th quarter worth about $34,000. Hager Investment Management Services LLC bought a new stake in Schlumberger in the fourth quarter worth about $38,000. Finally, Bogart Wealth LLC boosted its position in shares of Schlumberger by 468.9% during the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after buying an additional 844 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Stock Performance

Shares of NYSE SLB traded up $1.40 during midday trading on Friday, reaching $33.94. The company had a trading volume of 20,882,247 shares, compared to its average volume of 12,996,115. The stock has a market cap of $46.15 billion, a P/E ratio of 10.91, a P/E/G ratio of 10.10 and a beta of 1.11. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $54.63. The business's 50-day simple moving average is $39.99 and its 200 day simple moving average is $41.03.

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

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were issued a $0.285 dividend. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, February 5th. Schlumberger's dividend payout ratio is 36.66%.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the transaction, the executive vice president now owns 184,626 shares of the company's stock, valued at $8,140,160.34. This represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 315,905 shares of company stock worth $13,609,283 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Griffin Securities downgraded shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Barclays reduced their price target on shares of 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 given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.68.

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.