DiNuzzo Private Wealth Inc. Trims Position in Schlumberger Limited (NYSE:SLB)

DiNuzzo Private Wealth Inc. decreased its position in Schlumberger Limited (NYSE:SLB) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 713 shares of the oil and gas company’s stock after selling 245 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Schlumberger were worth $27,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Wealth Effects LLC purchased a new position in shares of Schlumberger in the fourth quarter worth approximately $360,000. Stonegate Investment Group LLC boosted its stake in shares of Schlumberger by 22.3% during the 4th quarter. Stonegate Investment Group LLC now owns 27,706 shares of the oil and gas company’s stock worth $1,062,000 after acquiring an additional 5,053 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Schlumberger by 7.3% during the 4th quarter. Perigon Wealth Management LLC now owns 16,859 shares of the oil and gas company’s stock valued at $693,000 after acquiring an additional 1,146 shares during the period. Jeppson Wealth Management LLC increased its stake in shares of Schlumberger by 22.7% in the 4th quarter. Jeppson Wealth Management LLC now owns 6,055 shares of the oil and gas company’s stock worth $232,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. bought a new position in Schlumberger in the 4th quarter worth $363,000. 81.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group decreased their target price on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Evercore ISI reiterated an “in-line” rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Six investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Insider Activity at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,258 shares of company stock worth $8,732,604. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

SLB stock opened at $41.33 on Wednesday. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The firm has a market capitalization of $58.36 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 9.98 and a beta of 1.52. The company has a fifty day simple moving average of $40.73 and a two-hundred day simple moving average of $42.69. 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 (NYSE:SLB) last announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Schlumberger Limited will post 3.34 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 given a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.76%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 35.37%.

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.