Hudson Valley Investment Advisors Inc. ADV Sells 1,780 Shares of Schlumberger Limited (NYSE:SLB)

Hudson Valley Investment Advisors Inc. ADV trimmed its stake in Schlumberger Limited (NYSE:SLB) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 90,951 shares of the oil and gas company’s stock after selling 1,780 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Schlumberger were worth $3,487,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Schlumberger by 25.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company’s stock worth $31,961,000 after purchasing an additional 156,698 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Schlumberger by 27.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company’s stock worth $3,223,000 after buying an additional 16,350 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Schlumberger by 8.7% during the third quarter. Victory Capital Management Inc. now owns 817,771 shares of the oil and gas company’s stock worth $34,305,000 after buying an additional 65,318 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Schlumberger by 269.1% in the third quarter. Concurrent Investment Advisors LLC now owns 19,718 shares of the oil and gas company’s stock valued at $827,000 after acquiring an additional 14,376 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Schlumberger by 0.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,901,713 shares of the oil and gas company’s stock worth $89,723,000 after acquiring an additional 11,813 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SLB. UBS Group dropped their price target on Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. TD Cowen cut their price target on Schlumberger from $65.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their price target on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Dbs Bank started coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They issued a “buy” rating and a $64.50 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Schlumberger from $55.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.58.

Insider Buying and Selling at Schlumberger

In other Schlumberger 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 value of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Schlumberger stock opened at $38.77 on Friday. 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 capitalization of $54.75 billion, a P/E ratio of 12.47, a PEG ratio of 1.42 and a beta of 1.52. The business has a 50-day moving average of $41.00 and a 200-day moving average of $43.16. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69.

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

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 4th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.84%. The ex-dividend date was Wednesday, December 4th. Schlumberger’s payout ratio is presently 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.