Schlumberger Limited (NYSE:SLB) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 36.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,408 shares of the oil and gas company's stock after selling 11,830 shares during the period. Harbor Capital Advisors Inc.'s holdings in Schlumberger were worth $853,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Schlumberger by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after acquiring an additional 1,166 shares during the last quarter. Stephens Inc. AR lifted its holdings in Schlumberger by 81.8% in the fourth quarter. Stephens Inc. AR now owns 25,509 shares of the oil and gas company's stock worth $978,000 after buying an additional 11,474 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Schlumberger in the fourth quarter worth about $32,000. Ingalls & Snyder LLC lifted its holdings in Schlumberger by 35.8% in the fourth quarter. Ingalls & Snyder LLC now owns 22,580 shares of the oil and gas company's stock worth $866,000 after buying an additional 5,950 shares during the period. Finally, Avestar Capital LLC lifted its holdings in Schlumberger by 13.1% in the fourth quarter. Avestar Capital LLC now owns 7,006 shares of the oil and gas company's stock worth $269,000 after buying an additional 814 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. 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. Barclays decreased their price target on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company reduced their target price on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, June 5th. Finally, Susquehanna cut their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.38.

Insider Transactions at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total value 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 approximately $1,311,990.68. This represents a 44.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director now directly owns 23,525 shares in the company, valued at $789,969.50. This trade represents a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $0.68 during trading on Friday, reaching $36.31. The stock had a trading volume of 15,378,704 shares, compared to its average volume of 13,544,791. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The business has a fifty day moving average price of $34.36 and a 200-day moving average price of $38.35. The stock has a market cap of $49.38 billion, a PE ratio of 11.67, a PEG ratio of 10.10 and a beta of 1.01. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94.

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

Schlumberger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio is presently 38.64%.

Schlumberger 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.