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

Janus Henderson Group PLC lessened its stake in Schlumberger Limited (NYSE:SLB) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,374,186 shares of the oil and gas company’s stock after selling 235,065 shares during the quarter. Janus Henderson Group PLC owned approximately 0.31% of Schlumberger worth $239,739,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SLB. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at about $26,000. Register Financial Advisors LLC acquired a new stake in shares of Schlumberger in the 1st quarter valued at about $27,000. Manchester Capital Management LLC raised its stake in shares of Schlumberger by 297.9% in the 1st quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at about $32,000. Finally, Janiczek Wealth Management LLC raised its stake in shares of Schlumberger by 1,180.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 602 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of Schlumberger stock traded down $0.25 on Tuesday, hitting $47.61. The company had a trading volume of 9,879,445 shares, compared to its average volume of 11,051,636. The business has a 50-day simple moving average of $46.31 and a 200-day simple moving average of $48.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. The company has a market cap of $67.60 billion, a PE ratio of 15.90, a PEG ratio of 1.04 and a beta of 1.55. Schlumberger Limited has a 52 week low of $42.61 and a 52 week high of $62.12.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Research analysts expect that Schlumberger Limited will post 3.5 EPS for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Wednesday, September 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is presently 36.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SLB shares. Bank of America cut their target price on shares of Schlumberger from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Stifel Nicolaus reiterated a “buy” rating and set a $64.00 price objective on shares of Schlumberger in a research note on Monday, April 22nd. Susquehanna dropped their price objective on shares of Schlumberger from $77.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday, July 11th. BMO Capital Markets dropped their price objective on shares of Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Finally, Citigroup dropped their price objective on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.56.

Insider Buying and Selling

In related news, CTO Demosthenis Pafitis sold 63,095 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the completion of the sale, the chief technology officer now directly owns 33,421 shares in the company, valued at $1,612,897.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CTO Demosthenis Pafitis sold 63,095 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the completion of the sale, the chief technology officer now directly owns 33,421 shares in the company, valued at $1,612,897.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bejar Carmen Rando sold 4,980 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total transaction of $216,281.40. Following the sale, the insider now owns 22,518 shares of the company’s stock, valued at $977,956.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,874 shares of company stock worth $14,148,517. Corporate insiders own 0.26% of the company’s stock.

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.