Boston Trust Walden Corp Sells 31,005 Shares of Schlumberger Limited (NYSE:SLB)

Boston Trust Walden Corp decreased its position in Schlumberger Limited (NYSE:SLB) by 8.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 355,019 shares of the oil and gas company’s stock after selling 31,005 shares during the period. Boston Trust Walden Corp’s holdings in Schlumberger were worth $14,893,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital World Investors raised its holdings in Schlumberger by 72.3% during the first quarter. Capital World Investors now owns 88,950,956 shares of the oil and gas company’s stock worth $4,875,402,000 after acquiring an additional 37,333,485 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Schlumberger by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,986,039 shares of the oil and gas company’s stock worth $4,712,897,000 after acquiring an additional 10,606,191 shares during the last quarter. Boston Partners raised its stake in Schlumberger by 35.8% in the 1st quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company’s stock valued at $635,883,000 after acquiring an additional 3,069,395 shares during the period. Ceredex Value Advisors LLC bought a new position in Schlumberger during the second quarter worth $92,944,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Schlumberger in the second quarter valued at $91,364,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on SLB shares. Citigroup reduced their target price on shares of Schlumberger from $60.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Dbs Bank initiated coverage on Schlumberger in a report on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective for the company. Benchmark reiterated a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research note on Monday, July 22nd. Barclays dropped their price target on Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Piper Sandler lowered their price objective on Schlumberger from $71.00 to $66.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average price target of $60.97.

Schlumberger Stock Performance

NYSE SLB opened at $41.74 on Friday. The firm’s 50 day simple moving average is $42.86 and its 200 day simple moving average is $45.58. The firm has a market capitalization of $59.66 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.48 and a beta of 1.51. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a 1 year low of $38.66 and a 1 year high of $57.75.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that Schlumberger Limited will post 3.41 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.64%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s payout ratio is 36.54%.

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.