WINTON GROUP Ltd Sells 93,086 Shares of Schlumberger Limited (NYSE:SLB)

WINTON GROUP Ltd lessened its stake in shares of Schlumberger Limited (NYSE:SLB) by 75.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,650 shares of the oil and gas company’s stock after selling 93,086 shares during the period. WINTON GROUP Ltd’s holdings in Schlumberger were worth $1,137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Penserra Capital Management LLC raised its stake in Schlumberger by 9,041.9% during the 3rd quarter. Penserra Capital Management LLC now owns 10,696 shares of the oil and gas company’s stock worth $448,000 after acquiring an additional 10,579 shares during the period. Private Trust Co. NA raised its position in shares of Schlumberger by 23.8% during the 3rd quarter. Private Trust Co. NA now owns 2,281 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 439 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Schlumberger by 2.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,215,726 shares of the oil and gas company’s stock valued at $51,000,000 after buying an additional 24,377 shares in the last quarter. Townsquare Capital LLC increased its stake in Schlumberger by 25.2% in the 3rd quarter. Townsquare Capital LLC now owns 37,094 shares of the oil and gas company’s stock worth $1,556,000 after buying an additional 7,464 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in Schlumberger by 5.9% during the third quarter. Glenmede Trust Co. NA now owns 109,415 shares of the oil and gas company’s stock valued at $4,590,000 after acquiring an additional 6,060 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by insiders.

Schlumberger Price Performance

Schlumberger stock opened at $41.87 on Friday. The firm has a market capitalization of $56.93 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.65. The firm has a 50-day moving average price of $41.29 and a 200-day moving average price of $41.44. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.72%. Schlumberger’s dividend payout ratio (DPR) is presently 36.66%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SLB. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.69.

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.