Schlumberger Limited (NYSE:SLB) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its stake in Schlumberger Limited (NYSE:SLB) by 12.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,368 shares of the oil and gas company’s stock after selling 11,031 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Schlumberger were worth $2,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cerity Partners LLC lifted its stake in Schlumberger by 45.7% during the third quarter. Cerity Partners LLC now owns 321,362 shares of the oil and gas company’s stock valued at $13,481,000 after buying an additional 100,723 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Schlumberger by 9,041.9% in the 3rd quarter. Penserra Capital Management LLC now owns 10,696 shares of the oil and gas company’s stock valued at $448,000 after acquiring an additional 10,579 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Schlumberger by 16.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 180,901 shares of the oil and gas company’s stock worth $7,589,000 after purchasing an additional 25,713 shares during the period. Fisher Asset Management LLC grew its position in Schlumberger by 5.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,159,818 shares of the oil and gas company’s stock worth $48,654,000 after purchasing an additional 60,070 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Schlumberger by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 18,501 shares of the oil and gas company’s stock valued at $776,000 after purchasing an additional 511 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. TD Cowen upped their target price on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Evercore ISI reiterated an “in-line” rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, BMO Capital Markets decreased their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.81.

Insider Transactions at Schlumberger

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction 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 sale, the director now directly owns 49,595 shares of the company’s stock, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gavin Rennick sold 26,990 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 over the last three months. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Up 1.4 %

Shares of Schlumberger stock opened at $42.30 on Wednesday. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock has a market capitalization of $57.52 billion, a P/E ratio of 13.60, a PEG ratio of 10.10 and a beta of 1.47. 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 stock has a 50 day moving average price of $41.27 and a two-hundred day moving average price of $41.42.

Schlumberger (NYSE:SLB) last posted its 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. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.86 EPS. Equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is currently 36.66%.

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.