Schlumberger Limited (NYSE:SLB) Holdings Trimmed by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC trimmed its position in shares of Schlumberger Limited (NYSE:SLB) by 46.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,898 shares of the oil and gas company’s stock after selling 15,394 shares during the period. Dynasty Wealth Management LLC’s holdings in Schlumberger were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its stake in Schlumberger by 4,640.0% during the 3rd quarter. International Assets Investment Management LLC now owns 202,635 shares of the oil and gas company’s stock valued at $8,501,000 after acquiring an additional 198,360 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Schlumberger by 6.7% during the third quarter. Assenagon Asset Management S.A. now owns 47,548 shares of the oil and gas company’s stock valued at $1,995,000 after purchasing an additional 2,986 shares in the last quarter. Financial Advocates Investment Management grew its position in Schlumberger by 11.5% during the third quarter. Financial Advocates Investment Management now owns 7,311 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 753 shares in the last quarter. HM Payson & Co. grew its position in Schlumberger by 7.8% during the third quarter. HM Payson & Co. now owns 13,509 shares of the oil and gas company’s stock valued at $567,000 after purchasing an additional 975 shares in the last quarter. Finally, US Bancorp DE grew its position in Schlumberger by 12.6% during the third quarter. US Bancorp DE now owns 1,744,342 shares of the oil and gas company’s stock valued at $73,176,000 after purchasing an additional 195,725 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SLB. TD Cowen boosted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Citigroup boosted their target price on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, BMO Capital Markets lowered their price target on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.81.

Insider Activity at Schlumberger

In related news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares in the company, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company’s stock, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,772 shares of company stock worth $12,546,660. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $41.63 on Friday. The business has a 50 day moving average price of $40.51 and a 200 day moving average price of $41.82. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The company has a market cap of $56.61 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 10.10 and a beta of 1.51. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share 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 company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same period in the prior year, the business earned $0.86 earnings per share. Schlumberger’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.74%. Schlumberger’s dividend payout ratio is 36.66%.

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.