Nvwm LLC Has $1.29 Million Holdings in Schlumberger Limited (NYSE:SLB)

Nvwm LLC lowered its position in shares of Schlumberger Limited (NYSE:SLB) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,560 shares of the oil and gas company’s stock after selling 524 shares during the period. Nvwm LLC’s holdings in Schlumberger were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Wealth Management increased its holdings in shares of Schlumberger by 0.6% during the fourth quarter. Massachusetts Wealth Management now owns 49,742 shares of the oil and gas company’s stock worth $1,907,000 after purchasing an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Schlumberger by 29.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 113,212 shares of the oil and gas company’s stock worth $4,279,000 after buying an additional 25,911 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Schlumberger in the 4th quarter valued at about $38,000. Sargent Investment Group LLC increased its stake in Schlumberger by 541.1% in the fourth quarter. Sargent Investment Group LLC now owns 46,854 shares of the oil and gas company’s stock valued at $1,867,000 after acquiring an additional 39,546 shares during the last quarter. Finally, Old North State Wealth Management LLC acquired a new position in Schlumberger during the fourth quarter valued at approximately $221,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on SLB shares. Bank of America reduced their price target on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus dropped their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company reduced their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Price Performance

SLB stock opened at $41.23 on Wednesday. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock has a market capitalization of $57.76 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 9.55 and a beta of 1.51. 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’s 50-day moving average price is $40.38 and its two-hundred day moving average price is $42.37.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 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 last year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a boost 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 dividend yield of 2.76%. Schlumberger’s dividend payout ratio is presently 35.37%.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares in the company, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 263,782 shares of company stock valued at $11,442,229 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

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.