Oak Thistle LLC Lowers Stake in Schlumberger Limited (NYSE:SLB)

Oak Thistle LLC lowered its stake in shares of Schlumberger Limited (NYSE:SLBFree Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,639 shares of the oil and gas company’s stock after selling 974 shares during the period. Oak Thistle LLC’s holdings in Schlumberger were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SLB. BluePath Capital Management LLC purchased a new position in shares of Schlumberger during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC purchased a new position in shares of Schlumberger during the 1st quarter worth approximately $25,000. Coppell Advisory Solutions LLC purchased a new position in Schlumberger in the 2nd quarter valued at approximately $27,000. MCF Advisors LLC boosted its position in Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 461 shares during the period. Finally, Indiana Trust & Investment Management CO purchased a new position in Schlumberger in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLB. Susquehanna reissued a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research report on Tuesday, February 13th. Stifel Nicolaus raised their price target on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research report on Monday. Barclays decreased their price objective on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a research report on Monday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.87.

View Our Latest Research Report on Schlumberger

Schlumberger Price Performance

Shares of NYSE:SLB opened at $54.67 on Wednesday. The company’s fifty day moving average price is $50.69 and its 200 day moving average price is $52.99. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The firm has a market capitalization of $78.04 billion, a P/E ratio of 18.72, a P/E/G ratio of 0.99 and a beta of 1.60.

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

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Schlumberger’s dividend payout ratio is presently 34.25%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total value of $1,052,607.15. Following the transaction, the vice president now directly owns 31,198 shares in the company, valued at $1,623,855.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.05, for a total value of $1,052,607.15. Following the sale, the vice president now owns 31,198 shares of the company’s stock, valued at $1,623,855.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated 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 directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by company insiders.

Schlumberger Company 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.

See Also

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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