Schlumberger Limited (NYSE:SLB) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,591,369 shares of the oil and gas company's stock after selling 547,190 shares during the period. Voya Investment Management LLC owned about 0.11% of Schlumberger worth $61,013,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SLB. Norges Bank bought a new position in Schlumberger in the 4th quarter worth about $735,398,000. Pacer Advisors Inc. grew its stake in Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after purchasing an additional 12,938,082 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Schlumberger by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after purchasing an additional 5,225,828 shares during the period. Clearbridge Investments LLC raised its position in Schlumberger by 43,028.0% during the 4th quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after purchasing an additional 2,646,653 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Schlumberger by 12.4% in the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after buying an additional 1,700,203 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLB. Stifel Nicolaus decreased their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday. 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. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Evercore ISI reissued an "in-line" rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Susquehanna dropped their target price on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price of $53.32.

Insider Buying and Selling at Schlumberger

In other news, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the transaction, the insider now owns 53,584 shares of the company's stock, valued at $2,192,657.28. The trade was a 33.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now directly owns 30,829 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 117,647 shares of company stock worth $4,876,679. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Shares of NYSE:SLB remained flat at $34.10 on Tuesday. 14,629,626 shares of the stock traded hands, compared to its average volume of 13,233,811. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The stock has a fifty day moving average price of $38.45 and a 200 day moving average price of $40.29.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. On average, equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio is presently 38.64%.

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.