Schlumberger Limited (NYSE:SLB) Shares Sold by Lbp Am Sa

Lbp Am Sa trimmed its holdings in Schlumberger Limited (NYSE:SLB) by 53.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,284 shares of the oil and gas company’s stock after selling 137,992 shares during the period. Lbp Am Sa’s holdings in Schlumberger were worth $4,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC boosted its stake in Schlumberger by 331.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 75,739 shares of the oil and gas company’s stock worth $2,904,000 after buying an additional 58,171 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Schlumberger by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 348,289 shares of the oil and gas company’s stock valued at $13,353,000 after purchasing an additional 12,187 shares in the last quarter. Intermede Investment Partners Ltd lifted its stake in shares of Schlumberger by 25.6% in the 4th quarter. Intermede Investment Partners Ltd now owns 323,314 shares of the oil and gas company’s stock valued at $12,396,000 after purchasing an additional 65,900 shares in the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in shares of Schlumberger in the 4th quarter valued at about $231,000. Finally, Erste Asset Management GmbH lifted its stake in shares of Schlumberger by 12.2% in the 4th quarter. Erste Asset Management GmbH now owns 42,957 shares of the oil and gas company’s stock valued at $1,624,000 after purchasing an additional 4,680 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price target on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.81.

Schlumberger Price Performance

SLB stock opened at $41.10 on Friday. 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 52-week low of $36.52 and a 52-week high of $55.69. The stock’s 50 day moving average is $40.95 and its two-hundred day moving average is $41.52. The company has a market capitalization of $55.89 billion, a PE ratio of 13.21, a P/E/G ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.77%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is 36.66%.

Insider Activity

In other news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares of the company’s stock, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by insiders.

About Schlumberger

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.