Schlumberger Limited (NYSE:SLB) Shares Sold by Cwm LLC

Cwm LLC trimmed its holdings in Schlumberger Limited (NYSE:SLB) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,686 shares of the oil and gas company’s stock after selling 5,951 shares during the quarter. Cwm LLC’s holdings in Schlumberger were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SLB. BluePath Capital Management LLC acquired a new stake in Schlumberger in the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Schlumberger during the 4th quarter worth about $26,000. MCF Advisors LLC raised its holdings in Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after buying an additional 461 shares during the period. Janiczek Wealth Management LLC raised its holdings in Schlumberger by 1,180.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock worth $34,000 after buying an additional 602 shares during the period. Finally, Pinnacle Bancorp Inc. raised its holdings in Schlumberger by 64.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock worth $39,000 after buying an additional 292 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Schlumberger news, insider Katharina Beumelburg sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.62, for a total transaction of $420,960.00. Following the completion of the sale, the insider now owns 15,581 shares of the company’s stock, valued at $819,872.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Katharina Beumelburg sold 8,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 15,581 shares of the company’s stock, valued at $819,872.22. The transaction was disclosed in a document filed 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 shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the completion of 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 sold 90,545 shares of company stock valued at $4,458,430 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

Schlumberger Trading Down 0.5 %

NYSE:SLB opened at $49.20 on Friday. The stock’s 50 day moving average price is $51.74 and its 200 day moving average price is $52.17. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The company has a market capitalization of $70.32 billion, a P/E ratio of 16.35, a P/E/G ratio of 0.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37.

Schlumberger (NYSE:SLB) last announced 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 business earned $0.63 earnings per share. On average, research analysts forecast that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Susquehanna restated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Royal Bank of Canada boosted their price objective on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Finally, HSBC reiterated a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.