Schlumberger Limited (NYSE:SLB) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its position in Schlumberger Limited (NYSE:SLB) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,576 shares of the oil and gas company’s stock after selling 1,572 shares during the period. Motley Fool Wealth Management LLC’s holdings in Schlumberger were worth $5,290,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Private Wealth Partners LLC boosted its holdings in Schlumberger by 23.8% in the 4th quarter. Private Wealth Partners LLC now owns 5,205 shares of the oil and gas company’s stock worth $271,000 after buying an additional 1,000 shares during the last quarter. Addison Advisors LLC lifted its stake in Schlumberger by 31.3% in the 4th quarter. Addison Advisors LLC now owns 3,318 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 790 shares in the last quarter. Headlands Technologies LLC purchased a new position in Schlumberger in the 4th quarter worth approximately $330,000. Kovack Advisors Inc. lifted its stake in Schlumberger by 149.3% in the 4th quarter. Kovack Advisors Inc. now owns 40,893 shares of the oil and gas company’s stock worth $2,128,000 after purchasing an additional 24,489 shares in the last quarter. Finally, Van Cleef Asset Management Inc lifted its stake in Schlumberger by 1.0% in the 4th quarter. Van Cleef Asset Management Inc now owns 82,751 shares of the oil and gas company’s stock worth $4,306,000 after purchasing an additional 832 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now owns 242,932 shares in the company, valued at approximately $11,816,212.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the sale, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.64, for a total value of $304,000.00. Following the sale, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at $11,816,212.48. The disclosure for this sale can be found here. Insiders have sold 90,545 shares of company stock worth $4,458,430 in the last quarter. 0.26% of the stock is owned by insiders.

Schlumberger Stock Down 0.5 %

Shares of SLB traded down $0.24 during mid-day trading on Friday, reaching $49.20. The company’s stock had a trading volume of 8,250,858 shares, compared to its average volume of 9,808,635. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12. The stock has a market cap of $70.32 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The company’s 50 day moving average is $51.74 and its 200 day moving average is $52.17.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts anticipate that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio is presently 36.54%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SLB. Barclays decreased their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Susquehanna reissued a “positive” rating and issued a $77.00 target price on shares of Schlumberger in a research note on Monday, April 22nd. BMO Capital Markets lowered their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. HSBC restated a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a research report on Thursday, April 4th. Finally, Wells Fargo & Company upped their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.67.

Schlumberger Profile

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.