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

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

A number of other large investors also recently added to or reduced their stakes in SLB. Merit Financial Group LLC boosted its stake in shares of Schlumberger by 48.9% in the fourth quarter. Merit Financial Group LLC now owns 14,694 shares of the oil and gas company's stock worth $563,000 after acquiring an additional 4,824 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Schlumberger by 24.3% in the 4th quarter. HB Wealth Management LLC now owns 31,212 shares of the oil and gas company's stock valued at $1,197,000 after purchasing an additional 6,097 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in Schlumberger by 9.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,892 shares of the oil and gas company's stock worth $226,000 after purchasing an additional 532 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Schlumberger by 24.6% during the fourth quarter. Grove Bank & Trust now owns 1,887 shares of the oil and gas company's stock worth $72,000 after buying an additional 373 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its position in shares of Schlumberger by 13.3% in the fourth quarter. Diversify Advisory Services LLC now owns 11,274 shares of the oil and gas company's stock valued at $435,000 after buying an additional 1,327 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Schlumberger

In related news, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 53,584 shares of the company's stock, valued at $2,192,657.28. This trade represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SLB. Barclays lowered their price target on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Susquehanna dropped their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus cut their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, April 28th. Piper Sandler lowered their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Jefferies Financial Group dropped their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Five 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $52.44.

Schlumberger Trading Down 0.3%

NYSE:SLB traded down $0.09 during trading hours on Friday, reaching $33.66. 10,464,897 shares of the stock were exchanged, compared to its average volume of 13,557,027. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The business has a 50-day moving average of $36.23 and a two-hundred day moving average of $39.41. The company has a market capitalization of $45.79 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 10.10 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $8.49 billion for 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%. Schlumberger's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The firm 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. This represents a $1.14 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is 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.