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

Profund Advisors LLC decreased its holdings in shares of Schlumberger Limited (NYSE:SLBFree Report) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,689 shares of the oil and gas company’s stock after selling 17,422 shares during the period. Profund Advisors LLC’s holdings in Schlumberger were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its position in shares of Schlumberger by 6.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,016 shares of the oil and gas company’s stock valued at $292,000 after buying an additional 305 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Schlumberger by 1.6% in the 3rd quarter. Epoch Investment Partners Inc. now owns 31,751 shares of the oil and gas company’s stock valued at $1,851,000 after purchasing an additional 499 shares during the last quarter. Pinnbrook Capital Management LP acquired a new position in Schlumberger in the 3rd quarter valued at $3,131,000. Natixis Advisors L.P. raised its stake in Schlumberger by 28.8% in the 3rd quarter. Natixis Advisors L.P. now owns 578,107 shares of the oil and gas company’s stock valued at $33,703,000 after purchasing an additional 129,291 shares during the last quarter. Finally, Hollencrest Capital Management raised its stake in Schlumberger by 13.4% in the 3rd quarter. Hollencrest Capital Management now owns 26,185 shares of the oil and gas company’s stock valued at $1,527,000 after purchasing an additional 3,101 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Schlumberger Stock Down 0.9 %

Shares of SLB traded down $0.44 during midday trading on Friday, hitting $48.82. The company had a trading volume of 7,420,695 shares, compared to its average volume of 13,625,174. The company’s 50-day simple moving average is $50.19 and its 200-day simple moving average is $54.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The firm has a market capitalization of $69.69 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.88 and a beta of 1.61. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.12.

Schlumberger (NYSE:SLBGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. As a group, sell-side analysts expect that Schlumberger Limited will post 3.54 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is presently 34.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLB. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Schlumberger in a research note on Thursday, February 8th. Wells Fargo & Company raised their target price on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Stifel Nicolaus raised their target price on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays cut their target price on Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $77.00 target price on shares of Schlumberger in a research note on Tuesday, February 13th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.67.

Check Out Our Latest Research Report on SLB

Insider Transactions at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $52.44, for a total transaction of $327,750.00. Following the transaction, the chief financial officer now owns 169,765 shares of the company’s stock, valued at $8,902,476.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $52.44, for a total transaction of $327,750.00. Following the sale, the chief financial officer now directly owns 169,765 shares in the company, valued at $8,902,476.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Katharina Beumelburg sold 8,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.62, for a total value of $420,960.00. Following the sale, the insider now owns 15,581 shares in the company, valued at $819,872.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,441 shares of company stock valued at $6,570,697. Corporate insiders own 0.23% of the company’s stock.

Schlumberger Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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