Wellington Management Group LLP Has $492.28 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Wellington Management Group LLP decreased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,839,971 shares of the oil and gas company's stock after selling 1,544,027 shares during the quarter. Wellington Management Group LLP owned approximately 0.94% of Schlumberger worth $492,284,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CX Institutional lifted 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 valued at $398,000 after acquiring an additional 244 shares during the period. TCW Group Inc. raised its holdings 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 purchasing an additional 259 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Schlumberger by 0.5% during 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 period. Cromwell Holdings LLC boosted its stake in shares of Schlumberger by 7.0% in the 4th 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 last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Schlumberger by 2.0% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after buying an additional 293 shares during the period. 81.99% of the stock is currently owned by institutional investors.

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Schlumberger Stock Performance

Shares of SLB traded down $4.45 during midday trading on Friday, reaching $34.77. The stock had a trading volume of 49,170,861 shares, compared to its average volume of 12,487,331. The firm has a market cap of $47.28 billion, a PE ratio of 11.18, a P/E/G ratio of 10.10 and a beta of 1.11. The firm has a 50 day simple moving average of $41.02 and a 200-day simple moving average of $41.45. Schlumberger Limited has a one year low of $34.04 and a one year high of $55.65. 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 (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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 3.28%. Schlumberger's dividend payout ratio (DPR) is 36.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SLB shares. Atb Cap Markets lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Stifel Nicolaus cut their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Finally, Barclays decreased their target price on Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.79.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. This trade represents a 15.20 % 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 hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock worth $13,609,283 over the last quarter. Company insiders own 0.26% of the company's stock.

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.