Schlumberger Limited (NYSE:SLB) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 75.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,650 shares of the oil and gas company's stock after selling 93,086 shares during the period. WINTON GROUP Ltd's holdings in Schlumberger were worth $1,137,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky increased its stake in shares of 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 valued at $31,961,000 after buying an additional 156,698 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Schlumberger by 27.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after purchasing an additional 16,350 shares in the last quarter. Bryn Mawr Capital Management LLC boosted its stake in shares of Schlumberger by 502.6% during the fourth 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 purchasing an additional 165,162 shares in the last quarter. Narwhal Capital Management boosted its stake in shares of Schlumberger by 225.5% during the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock valued at $2,862,000 after purchasing an additional 51,715 shares in the last quarter. Finally, Czech National Bank increased its holdings in Schlumberger by 5.8% during the fourth quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock valued at $11,739,000 after buying an additional 16,914 shares during the period. 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 a number of analyst reports. Jefferies Financial Group cut their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. JPMorgan Chase & Co. lifted their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Barclays decreased their price target on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Monday. Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.69.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $0.09 during trading on Wednesday, reaching $42.11. 6,169,805 shares of the company's stock traded hands, compared to its average volume of 15,239,342. 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 fifty-two week low of $36.52 and a fifty-two week high of $55.65. The company has a 50-day simple moving average of $41.22 and a 200-day simple moving average of $41.50. The firm has a market cap of $57.26 billion, a PE ratio of 13.54, a P/E/G ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating 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%. Schlumberger's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. As a group, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently declared 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. This represents a $1.14 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is presently 36.66%.

Insiders Place Their Bets

In other news, VP Ugo Prechner sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dianne B. Ralston sold 43,161 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the sale, the insider now directly owns 235,024 shares in the company, valued at $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,905 shares of company stock worth $13,609,283. 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.