Schlumberger Limited (NYSE:SLB) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Schlumberger Limited (NYSE:SLB - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 239,365 shares of the oil and gas company's stock after selling 12,250 shares during the quarter. Janney Montgomery Scott LLC's holdings in Schlumberger were worth $10,005,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management lifted its stake in shares of Schlumberger by 11.5% in the first quarter. Hanson & Doremus Investment Management now owns 72,758 shares of the oil and gas company's stock valued at $3,041,000 after purchasing an additional 7,477 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Schlumberger by 27.3% during the 1st quarter. Bank Pictet & Cie Europe AG now owns 73,029 shares of the oil and gas company's stock worth $3,053,000 after acquiring an additional 15,680 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in Schlumberger by 2.6% in the 1st quarter. Trust Co. of Toledo NA OH now owns 69,550 shares of the oil and gas company's stock valued at $2,907,000 after purchasing an additional 1,792 shares in the last quarter. Fairvoy Private Wealth LLC purchased a new position in Schlumberger in the 1st quarter valued at approximately $2,478,000. Finally, Exchange Traded Concepts LLC raised its holdings in Schlumberger by 594.7% during the first quarter. Exchange Traded Concepts LLC now owns 87,257 shares of the oil and gas company's stock worth $3,647,000 after purchasing an additional 74,696 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Susquehanna dropped their target price on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Jefferies Financial Group cut their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus lowered their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Barclays lowered their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Wells Fargo & Company reduced their price objective on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and an average price target of $52.38.

Schlumberger Stock Down 0.1%

Schlumberger stock traded down $0.04 during midday trading on Friday, hitting $35.82. 29,993,139 shares of the stock were exchanged, compared to its average volume of 13,603,827. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.93. The company has a 50 day moving average price of $34.54 and a two-hundred day moving average price of $38.08. The firm has a market cap of $48.71 billion, a P/E ratio of 10.60, a P/E/G ratio of 9.29 and a beta of 1.02. 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 data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. Schlumberger's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.18%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is currently 38.64%.

Insider Buying and Selling at Schlumberger

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the sale, the director now owns 23,525 shares of the company's stock, valued at $789,969.50. This represents a 17.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

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.