Cordatus Wealth Management LLC Reduces Stock Position in Schlumberger Limited (NYSE:SLB)

Cordatus Wealth Management LLC lowered its position in shares of Schlumberger Limited (NYSE:SLB) by 40.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,023 shares of the oil and gas company’s stock after selling 5,360 shares during the period. Cordatus Wealth Management LLC’s holdings in Schlumberger were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLB. Foundations Investment Advisors LLC lifted its position in shares of Schlumberger by 4.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,874 shares of the oil and gas company’s stock worth $372,000 after purchasing an additional 409 shares during the period. Eastern Bank purchased a new stake in shares of Schlumberger in the 3rd quarter worth about $554,000. Private Advisor Group LLC lifted its position in shares of Schlumberger by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 144,422 shares of the oil and gas company’s stock worth $6,059,000 after purchasing an additional 3,227 shares during the period. Capital Investment Counsel Inc lifted its position in shares of Schlumberger by 6.2% in the 3rd quarter. Capital Investment Counsel Inc now owns 12,021 shares of the oil and gas company’s stock worth $504,000 after purchasing an additional 700 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Schlumberger by 4,640.0% in the 3rd quarter. International Assets Investment Management LLC now owns 202,635 shares of the oil and gas company’s stock worth $8,501,000 after purchasing an additional 198,360 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, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 263,782 shares of company stock worth $11,442,229 over the last three months. 0.26% of the stock is currently owned by company insiders.

Schlumberger Stock Up 1.0 %

NYSE:SLB opened at $42.58 on Friday. The firm has a market cap of $59.65 billion, a P/E ratio of 13.69, a P/E/G ratio of 10.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The firm has a 50-day simple moving average of $40.17 and a two-hundred day simple moving average of $41.92.

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

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.68%. Schlumberger’s payout ratio is currently 36.66%.

Analysts Set New Price Targets

SLB has been the subject of several research analyst reports. Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Citigroup lifted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Finally, Barclays lowered their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Six equities research 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, Schlumberger presently has an average rating of “Moderate Buy” and a consensus price target 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.