Schlumberger Limited (NYSE:SLB) VP Sells $309,400.00 in Stock

Schlumberger Limited (NYSE:SLB) VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Schlumberger Stock Performance

NYSE SLB opened at $41.99 on Friday. The firm has a market cap of $59.29 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 3.58 and a beta of 1.52. 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 1-year low of $36.52 and a 1-year high of $55.69. The company has a 50 day moving average of $40.79 and a 200-day moving average of $42.79.

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, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9,241,140 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. On average, equities analysts forecast that Schlumberger Limited will post 3.33 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. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. 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 dividend on an annualized basis and a yield of 2.72%. Schlumberger’s dividend payout ratio is presently 35.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Griffin Securities downgraded shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Citigroup lifted their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Barclays lowered their target price on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, Evercore ISI reissued an “in-line” rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Institutional Trading of Schlumberger

Hedge funds and other institutional investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Schlumberger during the fourth quarter worth about $47,000. Caprock Group LLC lifted its stake in Schlumberger by 11.6% in the 4th quarter. Caprock Group LLC now owns 29,802 shares of the oil and gas company’s stock valued at $1,151,000 after acquiring an additional 3,090 shares in the last quarter. Coastwise Capital Group LLC boosted its position in Schlumberger by 21.2% during the 4th quarter. Coastwise Capital Group LLC now owns 10,409 shares of the oil and gas company’s stock worth $399,000 after acquiring an additional 1,822 shares during the last quarter. Kempner Capital Management Inc. grew its stake in shares of Schlumberger by 2.6% during the 4th quarter. Kempner Capital Management Inc. now owns 109,471 shares of the oil and gas company’s stock worth $4,197,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Mediolanum International Funds Ltd raised its holdings in shares of Schlumberger by 301.7% in the fourth quarter. Mediolanum International Funds Ltd now owns 729,335 shares of the oil and gas company’s stock valued at $27,508,000 after purchasing an additional 547,776 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.