Schlumberger Limited (NYSE:SLB) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 237,972 shares of the oil and gas company's stock after selling 32,233 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Schlumberger were worth $9,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SLB. CX Institutional grew its position in shares of Schlumberger by 2.4% in the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after purchasing an additional 244 shares during the period. TCW Group Inc. raised its position in shares of Schlumberger by 1.3% during the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after purchasing an additional 259 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Schlumberger by 0.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after buying an additional 262 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Schlumberger by 7.0% in the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock worth $167,000 after buying an additional 283 shares during the last quarter. Finally, Patron Partners LLC boosted its holdings in Schlumberger by 3.6% in the 4th quarter. Patron Partners LLC now owns 8,498 shares of the oil and gas company's stock worth $326,000 after buying an additional 297 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Down 0.3%

NYSE SLB traded down $0.09 during trading on Monday, reaching $33.66. 10,464,897 shares of the company's stock were exchanged, compared to its average volume of 13,584,168. The stock has a market cap of $45.79 billion, a P/E 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 company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a 50 day moving average price of $36.08 and a two-hundred day moving average price of $39.31.

Schlumberger (NYSE:SLB - Get Free Report) last announced its 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 business had revenue of $8.49 billion for the quarter, compared to analysts' expectations 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 quarter last year, the business posted $0.75 earnings per share. On average, equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on SLB shares. Morgan Stanley reduced their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Jefferies Financial Group reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Barclays lowered their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Stifel Nicolaus cut their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and an average price target of $52.44.

Insider Buying and Selling at Schlumberger

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

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.