Schlumberger Limited (NYSE:SLB) Shares Sold by Strs Ohio

Strs Ohio lowered its position in Schlumberger Limited (NYSE:SLB - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,205,141 shares of the oil and gas company's stock after selling 323,820 shares during the quarter. Strs Ohio owned approximately 0.08% of Schlumberger worth $62,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in Schlumberger by 74.7% in the fourth quarter. Vontobel Holding Ltd. now owns 248,455 shares of the oil and gas company's stock valued at $12,930,000 after buying an additional 106,215 shares during the last quarter. Capital Advisors Inc. OK raised its stake in shares of Schlumberger by 2.1% during the fourth quarter. Capital Advisors Inc. OK now owns 741,263 shares of the oil and gas company's stock worth $38,575,000 after purchasing an additional 15,575 shares during the last quarter. Crumly & Associates Inc. raised its stake in shares of Schlumberger by 6.2% during the fourth quarter. Crumly & Associates Inc. now owns 24,249 shares of the oil and gas company's stock worth $1,262,000 after purchasing an additional 1,415 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Schlumberger during the fourth quarter worth approximately $4,496,000. Finally, Crestwood Advisors Group LLC raised its stake in shares of Schlumberger by 7.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 4,010 shares of the oil and gas company's stock worth $209,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company's stock, valued at $12,688,319.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at $11,816,212.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the transaction, the executive vice president now owns 261,507 shares in the company, valued at $12,688,319.64. The disclosure for this sale can be found here. Insiders have sold a total of 172,191 shares of company stock valued at $8,636,322 over the last quarter. Insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

SLB has been the subject of several analyst reports. Stifel Nicolaus upped their price target on Schlumberger from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. Barclays cut their price target on Schlumberger from $74.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 4th. The Goldman Sachs Group reiterated a "buy" rating on shares of Schlumberger in a research report on Monday, April 1st. Royal Bank of Canada increased their price objective on Schlumberger from $66.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 3rd. Finally, Susquehanna reiterated a "positive" rating and issued a $77.00 price objective on shares of Schlumberger in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and an average price target of $70.80.

Schlumberger Price Performance

Schlumberger stock traded down $2.00 during trading hours on Friday, hitting $52.00. The stock had a trading volume of 13,006,270 shares, compared to its average volume of 8,557,253. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.94 and a beta of 1.60. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12. The stock's fifty day moving average is $51.30 and its two-hundred day moving average is $52.62.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. Schlumberger's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, analysts predict that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, February 6th. Schlumberger's payout ratio is currently 34.25%.

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.