Schlumberger Limited (NYSE:SLB) Stock Holdings Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 95.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,839 shares of the oil and gas company's stock after selling 3,109,216 shares during the quarter. Janus Henderson Group PLC's holdings in Schlumberger were worth $5,403,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. YANKCOM Partnership acquired a new position in Schlumberger in the fourth quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the fourth quarter valued at $32,000. Golden State Wealth Management LLC acquired a new position in Schlumberger in the fourth quarter valued at $34,000. Hager Investment Management Services LLC acquired a new position in Schlumberger in the fourth quarter valued at $38,000. Finally, Bogart Wealth LLC boosted its holdings in Schlumberger by 468.9% in the fourth 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. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Down 0.3%

NYSE:SLB traded down $0.09 during mid-day trading on Friday, reaching $33.66. The stock had a trading volume of 10,464,897 shares, compared to its average volume of 13,584,168. The company has a market capitalization of $45.79 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The stock's 50 day simple moving average is $36.08 and its two-hundred day simple moving average is $39.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.39%. Schlumberger's payout ratio is currently 38.64%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SLB. Barclays reduced 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. Susquehanna cut their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday, April 28th. Piper Sandler cut their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Jefferies Financial Group cut their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Finally, Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Five equities research 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $52.44.

Insider Buying and Selling at Schlumberger

In other news, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. The trade was a 33.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the business's 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 transaction, 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 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.