Axa S.A. Sells 115,466 Shares of Schlumberger Limited (NYSE:SLB)

Axa S.A. decreased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 815,958 shares of the oil and gas company's stock after selling 115,466 shares during the period. Axa S.A. owned about 0.06% of Schlumberger worth $31,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SLB. YANKCOM Partnership bought a new stake in Schlumberger during the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger during the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger during the fourth quarter valued at approximately $34,000. Hager Investment Management Services LLC bought a new position in shares of Schlumberger in the fourth quarter worth approximately $38,000. Finally, Bogart Wealth LLC increased its stake in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Trading Up 3.0 %

Shares of NYSE SLB opened at $34.74 on Friday. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. 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 business's 50 day moving average is $37.83 and its two-hundred day moving average is $40.04. The stock has a market capitalization of $47.25 billion, a P/E ratio of 11.17, a PEG ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.28%. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SLB shares. Jefferies Financial Group lowered their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. BMO Capital Markets cut their target price on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Citigroup boosted their price target on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Barclays reduced their price objective on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, Stifel Nicolaus dropped their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $53.32.

Insider Buying and Selling

In related news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. The trade was a 44.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This trade represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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.

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