Schlumberger Limited (NYSE:SLB) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC trimmed its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,781 shares of the oil and gas company's stock after selling 9,667 shares during the period. Schrum Private Wealth Management LLC's holdings in Schlumberger were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SLB. Teachers Retirement System of The State of Kentucky boosted its position in Schlumberger by 25.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock worth $31,961,000 after purchasing an additional 156,698 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake 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 worth $3,223,000 after buying an additional 16,350 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Schlumberger by 8.7% in 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 buying an additional 65,318 shares in the last quarter. Bryn Mawr Capital Management LLC grew its stake in Schlumberger by 502.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock valued at $7,592,000 after acquiring an additional 165,162 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Schlumberger by 269.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 19,718 shares of the oil and gas company's stock valued at $827,000 after acquiring an additional 14,376 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

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Analysts Set New Price Targets

SLB has been the topic of several recent research reports. Sanford C. Bernstein raised shares of Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Finally, Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.81.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now owns 49,595 shares in the company, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 290,772 shares of company stock worth $12,546,660. Corporate insiders own 0.26% of the company's stock.

Schlumberger Trading Up 4.0 %

Shares of NYSE SLB traded up $1.60 during midday trading on Friday, hitting $41.36. The stock had a trading volume of 19,613,595 shares, compared to its average volume of 14,443,572. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a market capitalization of $56.25 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 10.10 and a beta of 1.47. The company has a fifty day moving average price of $40.73 and a 200 day moving average price of $41.63.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. During the same period in the previous year, the company posted $0.86 earnings per share. Schlumberger's revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 yield of 2.76%. This is a boost 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 36.66%.

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.