Schlumberger Limited (NYSE:SLB) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,117 shares of the oil and gas company's stock after selling 66,849 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Schlumberger were worth $9,129,000 at the end of the most recent quarter.

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

Schlumberger Stock Performance

Shares of SLB stock traded down $0.49 during trading hours on Thursday, hitting $35.52. The company's stock had a trading volume of 5,933,156 shares, compared to its average volume of 16,804,727. 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 company has a 50 day moving average of $36.93 and a 200 day moving average of $39.64. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The stock has a market cap of $48.32 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same period last year, the business earned $0.75 EPS. The company's revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.21%. Schlumberger's payout ratio is 38.64%.

Insider Buying and Selling at Schlumberger

In other news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares of the company's stock, valued at $1,311,990.68. The trade was a 44.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. This 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on SLB. JPMorgan Chase & Co. lifted their price target on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. TD Cowen lifted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Susquehanna dropped their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. Finally, Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.32.

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.