Geneos Wealth Management Inc. Decreases Stock Holdings in Schlumberger Limited (NYSE:SLB)

Geneos Wealth Management Inc. decreased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465 shares of the oil and gas company’s stock after selling 470 shares during the period. Geneos Wealth Management Inc.’s holdings in Schlumberger were worth $76,000 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 SLB. Norges Bank purchased a new position in Schlumberger in the 4th quarter valued at $1,008,286,000. Price T Rowe Associates Inc. MD lifted its holdings in Schlumberger by 200.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,736,684 shares of the oil and gas company’s stock valued at $527,173,000 after purchasing an additional 7,158,943 shares in the last quarter. Royal Bank of Canada lifted its holdings in Schlumberger by 79.7% in the 3rd quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company’s stock valued at $286,835,000 after purchasing an additional 2,182,706 shares in the last quarter. Sanders Capital LLC lifted its holdings in Schlumberger by 34.9% in the 3rd quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock valued at $469,693,000 after purchasing an additional 2,085,506 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Schlumberger by 30.5% in the 3rd quarter. Invesco Ltd. now owns 8,370,835 shares of the oil and gas company’s stock valued at $488,020,000 after purchasing an additional 1,954,620 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Howard Guild sold 22,853 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the transaction, the chief accounting officer now directly owns 22,181 shares of the company’s stock, valued at $1,145,870.46. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 in the last three months. 0.26% of the stock is owned by corporate insiders.

Schlumberger Stock Down 0.6 %

Shares of NYSE:SLB opened at $51.67 on Tuesday. The business has a 50-day moving average price of $51.36 and a 200 day moving average price of $52.56. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $73.75 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 0.94 and a beta of 1.60. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Sell-side analysts expect that Schlumberger Limited will post 3.52 EPS for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently 34.25%.

Analyst Ratings Changes

SLB has been the topic of a number of research reports. Bank of America raised their price objective on Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday. HSBC reiterated a “buy” rating and set a $71.00 price target on shares of Schlumberger in a report on Thursday, April 4th. Royal Bank of Canada lifted their price target on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Wells Fargo & Company lifted their price target on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and an average target price of $70.31.

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.