Schlumberger Limited (NYSE:SLB) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its position in Schlumberger Limited (NYSE:SLB) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,548 shares of the oil and gas company’s stock after selling 475 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Schlumberger were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC boosted its holdings in Schlumberger by 11.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 31,362 shares of the oil and gas company’s stock valued at $1,202,000 after acquiring an additional 3,102 shares during the last quarter. Grandfield & Dodd LLC boosted its holdings in Schlumberger by 27.4% in the fourth quarter. Grandfield & Dodd LLC now owns 9,071 shares of the oil and gas company’s stock valued at $348,000 after acquiring an additional 1,950 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in Schlumberger by 12.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 12,493 shares of the oil and gas company’s stock valued at $502,000 after acquiring an additional 1,400 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Schlumberger in the fourth quarter valued at $111,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Schlumberger by 69.1% during the fourth quarter. Jones Financial Companies Lllp now owns 44,662 shares of the oil and gas company’s stock worth $1,712,000 after purchasing an additional 18,255 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Down 4.4 %

Shares of Schlumberger stock opened at $39.81 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The firm has a market cap of $54.14 billion, a P/E ratio of 12.80, a P/E/G ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The business has a 50-day moving average price of $40.56 and a 200 day moving average price of $41.76.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion during 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. 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. This represents a $1.14 annualized dividend and a dividend yield of 2.86%. Schlumberger’s dividend payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SLB shares. Evercore ISI restated an “in-line” rating and set a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Citigroup boosted their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group reduced their price objective on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Stifel Nicolaus reduced their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Insider Activity

In other news, VP Ugo Prechner sold 7,000 shares of the company’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 transaction of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares of the company’s stock, valued at approximately $496,808. This represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the transaction, the insider now directly owns 235,024 shares of the company’s stock, valued at $10,331,655.04. This trade 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 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is currently owned by insiders.

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.