Schlumberger Limited (NYSE:SLB) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in Schlumberger Limited (NYSE:SLB) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,459 shares of the oil and gas company’s stock after selling 539 shares during the quarter. Farther Finance Advisors LLC’s holdings in Schlumberger were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Prospera Private Wealth LLC purchased a new position in shares of Schlumberger during the third quarter worth $29,000. YANKCOM Partnership purchased a new position in shares of Schlumberger during the 4th quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth about $34,000. Finally, Hager Investment Management Services LLC acquired a new stake in Schlumberger during the fourth quarter worth about $38,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value 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 represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is owned by company insiders.

Schlumberger Stock Performance

SLB opened at $41.10 on Friday. The firm has a market capitalization of $55.89 billion, a PE ratio of 13.21, a PEG ratio of 10.10 and a beta of 1.47. 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 Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The firm’s 50-day moving average price is $40.95 and its 200 day moving average price is $41.49.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) 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 analyst estimates of $9.24 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts expect that Schlumberger Limited will post 3.38 EPS 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 given a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.77%. Schlumberger’s payout ratio is presently 36.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SLB shares. Griffin Securities cut shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Barclays lowered their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company decreased their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets cut their price target on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.81.

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.