Schlumberger Limited (NYSE:SLB) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in shares of Schlumberger Limited (NYSE:SLB) by 27.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,250,055 shares of the oil and gas company’s stock after selling 1,204,856 shares during the quarter. Janus Henderson Group PLC owned about 0.23% of Schlumberger worth $136,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. Mather Group LLC. lifted its position in Schlumberger by 38.5% during the 2nd quarter. Mather Group LLC. now owns 7,889 shares of the oil and gas company’s stock worth $372,000 after acquiring an additional 2,191 shares during the period. Park Avenue Securities LLC lifted its position in Schlumberger by 2.6% during the 2nd quarter. Park Avenue Securities LLC now owns 43,423 shares of the oil and gas company’s stock worth $2,049,000 after acquiring an additional 1,111 shares during the period. Csenge Advisory Group raised its stake in shares of Schlumberger by 61.2% during the 2nd quarter. Csenge Advisory Group now owns 8,349 shares of the oil and gas company’s stock valued at $394,000 after buying an additional 3,171 shares during the last quarter. CX Institutional raised its stake in shares of Schlumberger by 36.5% during the 2nd quarter. CX Institutional now owns 13,263 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 3,550 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Schlumberger during the 2nd quarter valued at about $19,207,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Dbs Bank assumed coverage on Schlumberger in a research note on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective for the company. Barclays reduced their price objective on Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Susquehanna reduced their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Bank of America reduced their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.97.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

NYSE:SLB opened at $42.74 on Thursday. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $55.69. The stock has a 50 day moving average of $43.03 and a two-hundred day moving average of $44.28. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market cap of $60.36 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.51.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period in the previous year, the business earned $0.78 EPS. Schlumberger’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts expect that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s dividend payout ratio is currently 35.37%.

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.