Wisconsin Capital Management LLC Decreases Position in Schlumberger Limited (NYSE:SLB)

Wisconsin Capital Management LLC trimmed its position in shares of Schlumberger Limited (NYSE:SLB) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,781 shares of the oil and gas company’s stock after selling 891 shares during the quarter. Schlumberger makes up 2.7% of Wisconsin Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Wisconsin Capital Management LLC’s holdings in Schlumberger were worth $4,568,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its position in shares of Schlumberger by 14.1% in the third quarter. Global Retirement Partners LLC now owns 3,563 shares of the oil and gas company’s stock worth $199,000 after buying an additional 440 shares during the period. DAVENPORT & Co LLC increased its position in Schlumberger by 0.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 54,995 shares of the oil and gas company’s stock valued at $3,206,000 after acquiring an additional 506 shares during the period. GHP Investment Advisors Inc. increased its position in Schlumberger by 68.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,722 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 702 shares during the period. Exchange Traded Concepts LLC boosted its stake in Schlumberger by 3,008.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,031 shares of the oil and gas company’s stock valued at $352,000 after purchasing an additional 5,837 shares in the last quarter. Finally, Miller Howard Investments Inc. NY boosted its stake in Schlumberger by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after purchasing an additional 176 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Trading Up 0.7 %

Schlumberger stock traded up $0.34 during mid-day trading on Thursday, hitting $49.45. 7,965,899 shares of the company’s stock were exchanged, compared to its average volume of 11,221,724. The firm has a market capitalization of $70.58 billion, a P/E ratio of 16.43, a PEG ratio of 0.96 and a beta of 1.60. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company’s 50 day simple moving average is $51.73 and its 200-day simple moving average is $52.23.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, equities analysts anticipate that Schlumberger Limited will post 3.5 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio is 36.54%.

Insider Activity

In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Katharina Beumelburg sold 8,000 shares of Schlumberger stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.62, for a total value of $420,960.00. Following the completion of the sale, the insider now directly owns 15,581 shares in the company, valued at $819,872.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, the chief financial officer now owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold 90,545 shares of company stock worth $4,458,430 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SLB shares. 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 report on Monday, January 22nd. HSBC reissued a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a research report on Thursday, April 4th. Morgan Stanley restated an “overweight” rating and set a $65.00 price target on shares of Schlumberger in a research note on Monday. Barclays lowered their price target on Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.67.

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.