Wilmington Savings Fund Society FSB Has $2.78 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Wilmington Savings Fund Society FSB lessened its stake in shares of Schlumberger Limited (NYSE:SLB) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 72,589 shares of the oil and gas company’s stock after selling 4,249 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Schlumberger were worth $2,783,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SLB. Kingsview Wealth Management LLC grew its holdings in shares of Schlumberger by 4.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 19,482 shares of the oil and gas company’s stock worth $747,000 after purchasing an additional 790 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Schlumberger by 1.8% in the fourth quarter. Apollon Wealth Management LLC now owns 24,902 shares of the oil and gas company’s stock valued at $955,000 after purchasing an additional 432 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its position in Schlumberger by 2.6% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 154,340 shares of the oil and gas company’s stock worth $5,917,000 after purchasing an additional 3,930 shares during the last quarter. Cidel Asset Management Inc. grew its position in shares of Schlumberger by 8.3% in the 4th quarter. Cidel Asset Management Inc. now owns 7,053 shares of the oil and gas company’s stock valued at $270,000 after buying an additional 539 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at about $34,000. 81.99% of the stock is currently owned by institutional investors.

Insider Activity at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ugo Prechner sold 7,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the sale, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 263,782 shares of company stock worth $11,442,229. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

SLB has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Bank of America reduced their price objective on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Citigroup lifted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lifted their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Schlumberger Trading Up 0.3 %

NYSE:SLB opened at $40.15 on Friday. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The firm has a 50-day moving average price of $40.17 and a two-hundred day moving average price of $42.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm has a market cap of $56.25 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 9.49 and a beta of 1.51.

Schlumberger (NYSE:SLB) last issued 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 return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period last year, the business posted $0.86 earnings per share. Schlumberger’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid 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 2.84%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is presently 36.66%.

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.