Windmill Hill Asset Management Ltd Has $330,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Windmill Hill Asset Management Ltd lowered its position in Schlumberger Limited (NYSE:SLB - Free Report) by 61.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,607 shares of the oil and gas company's stock after selling 14,000 shares during the quarter. Schlumberger comprises approximately 0.3% of Windmill Hill Asset Management Ltd's investment portfolio, making the stock its 21st biggest holding. Windmill Hill Asset Management Ltd's holdings in Schlumberger were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SLB. Grove Bank & Trust boosted its holdings in shares of Schlumberger by 17.4% in the third quarter. Grove Bank & Trust now owns 1,514 shares of the oil and gas company's stock valued at $64,000 after acquiring an additional 224 shares in the last quarter. CX Institutional boosted its stake in Schlumberger by 2.4% during the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after purchasing an additional 244 shares in the last quarter. GM Advisory Group LLC increased its position in shares of Schlumberger by 3.8% during the 3rd quarter. GM Advisory Group LLC now owns 6,701 shares of the oil and gas company's stock valued at $281,000 after purchasing an additional 247 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Schlumberger by 0.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock worth $2,174,000 after buying an additional 262 shares in the last quarter. Finally, Cordatus Wealth Management LLC lifted its holdings in shares of Schlumberger by 2.1% in the third quarter. Cordatus Wealth Management LLC now owns 13,383 shares of the oil and gas company's stock valued at $561,000 after buying an additional 281 shares during the period. Institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger 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 transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the sale, the vice president now owns 11,240 shares of the company's stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. 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 currently owned by insiders.

Analysts Set New Price Targets

SLB has been the topic of several research reports. Wells Fargo & Company dropped their price target on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group cut their target price on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Bank of America decreased their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Citigroup increased their price objective on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their target price on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.81.

Schlumberger Stock Up 0.3 %

Shares of NYSE SLB traded up $0.10 during mid-day trading on Friday, reaching $40.15. The company had a trading volume of 11,773,136 shares, compared to its average volume of 14,838,546. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The stock's 50 day moving average is $40.25 and its 200-day moving average is $42.35. The stock has a market capitalization of $56.25 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 9.55 and a beta of 1.51.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. As a group, equities analysts anticipate 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 will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.84%. Schlumberger's dividend payout ratio is currently 35.37%.

Schlumberger 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.