Janus Henderson Group PLC Sells 3,109,216 Shares of Schlumberger Limited (NYSE:SLB)

Janus Henderson Group PLC cut its holdings in 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 institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd grew its holdings in shares of Schlumberger by 32.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock valued at $2,737,000 after purchasing an additional 17,405 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Schlumberger by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after buying an additional 1,377,134 shares during the last quarter. Bryn Mawr Capital Management LLC increased its holdings in shares of Schlumberger by 502.6% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock worth $7,592,000 after buying an additional 165,162 shares in the last quarter. Narwhal Capital Management increased its holdings in shares of Schlumberger by 225.5% during the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock worth $2,862,000 after buying an additional 51,715 shares in the last quarter. Finally, Romano Brothers AND Company lifted its stake in shares of Schlumberger by 22.7% in the 4th quarter. Romano Brothers AND Company now owns 75,750 shares of the oil and gas company's stock valued at $2,904,000 after acquiring an additional 14,025 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup increased their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. TD Cowen raised their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Morgan Stanley reduced their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $46.00 to $44.00 in a report on Tuesday, April 8th. Five 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. According to MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and an average price target of $52.44.

Insider Activity

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of Schlumberger 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 sale, the insider now directly owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Schlumberger Stock Performance

SLB stock opened at $35.74 on Monday. The firm has a market cap of $48.61 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. 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 stock has a 50-day moving average price of $36.74 and a 200-day moving average price of $39.56. 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 released its earnings results on Friday, April 25th. The oil and gas company reported $0.72 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 analyst estimates of $8.64 billion. During the same period in the prior year, the business earned $0.75 EPS. The company's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.19%. Schlumberger's dividend payout ratio is currently 38.64%.

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.

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