Ashburton Jersey Ltd Has $3.49 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Ashburton Jersey Ltd reduced its stake in shares of Schlumberger Limited (NYSE:SLB) by 60.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 90,963 shares of the oil and gas company’s stock after selling 141,287 shares during the period. Schlumberger makes up approximately 1.5% of Ashburton Jersey Ltd’s holdings, making the stock its 24th biggest holding. Ashburton Jersey Ltd’s holdings in Schlumberger were worth $3,488,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Schlumberger by 40.4% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 220,685 shares of the oil and gas company’s stock worth $8,461,000 after acquiring an additional 63,500 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Schlumberger by 3.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,134,661 shares of the oil and gas company’s stock valued at $81,804,000 after purchasing an additional 77,862 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Schlumberger by 17.0% in the fourth quarter. Wedbush Securities Inc. now owns 32,118 shares of the oil and gas company’s stock valued at $1,231,000 after purchasing an additional 4,667 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Schlumberger by 11.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,258,554 shares of the oil and gas company’s stock worth $48,253,000 after buying an additional 131,586 shares during the period. Finally, Samjo Management LLC grew its holdings in shares of Schlumberger by 117.8% during the fourth quarter. Samjo Management LLC now owns 194,445 shares of the oil and gas company’s stock worth $7,455,000 after buying an additional 105,180 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 315,905 shares of company stock valued at $13,609,283 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Price Performance

Shares of SLB opened at $34.77 on Friday. The firm has a market capitalization of $47.28 billion, a PE ratio of 11.18, a PEG ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The company’s 50-day moving average is $41.02 and its 200-day moving average is $41.45. Schlumberger Limited has a fifty-two week low of $34.04 and a fifty-two week high of $55.65.

Schlumberger (NYSE:SLB) last released its quarterly earnings results 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 net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.24 billion. During the same period in the prior year, the firm earned $0.86 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 3.28%. Schlumberger’s payout ratio is 36.66%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays reduced their price target on Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. raised their target price on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. 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 note on Tuesday, January 21st. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, TD Cowen upped their target price on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.79.

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.