Bejar Carmen Rando Sells 5,524 Shares of Schlumberger Limited (NYSE:SLB) Stock

Schlumberger Limited (NYSE:SLB) insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now directly owns 30,829 shares of the company’s stock, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Schlumberger Trading Down 2.0 %

Shares of Schlumberger stock opened at $40.21 on Friday. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The firm’s 50-day moving average price is $40.58 and its 200 day moving average price is $42.63. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $56.32 billion, a PE ratio of 12.93, a P/E/G ratio of 9.70 and a beta of 1.52.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is 35.37%.

Hedge Funds Weigh In On Schlumberger

A number of institutional investors and hedge funds have recently bought and sold shares of SLB. Northwestern Mutual Wealth Management Co. lifted its stake in Schlumberger by 89.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 132,062 shares of the oil and gas company’s stock worth $6,231,000 after purchasing an additional 62,466 shares in the last quarter. EP Wealth Advisors LLC lifted its position in Schlumberger by 30.3% during the second quarter. EP Wealth Advisors LLC now owns 6,908 shares of the oil and gas company’s stock worth $326,000 after buying an additional 1,606 shares in the last quarter. Cetera Investment Advisers boosted its stake in Schlumberger by 10.1% during the second quarter. Cetera Investment Advisers now owns 238,145 shares of the oil and gas company’s stock worth $11,236,000 after buying an additional 21,760 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Schlumberger in the 2nd quarter valued at $15,603,000. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Schlumberger by 379.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,402 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 1,901 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group decreased their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus reduced their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. upped their target price on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Company 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.