Flossbach Von Storch AG Sells 22,188 Shares of Schlumberger Limited (NYSE:SLB)

Flossbach Von Storch AG lowered its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,318 shares of the oil and gas company's stock after selling 22,188 shares during the quarter. Flossbach Von Storch AG's holdings in Schlumberger were worth $29,888,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new position in Schlumberger during the third quarter valued at about $25,000. MCF Advisors LLC boosted its position in Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 461 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger during the fourth quarter worth about $26,000. Coppell Advisory Solutions LLC bought a new position in Schlumberger during the second quarter worth about $27,000. Finally, Global Trust Asset Management LLC boosted its position in Schlumberger by 51.5% during the third quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 200 shares during the period. Institutional investors own 81.99% of the company's stock.

Schlumberger Trading Down 1.2 %

Shares of Schlumberger stock traded down $0.60 on Wednesday, hitting $50.81. The stock had a trading volume of 7,821,131 shares, compared to its average volume of 11,247,408. The stock has a market cap of $72.53 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.93 and a beta of 1.60. The stock's 50-day simple moving average is $51.50 and its two-hundred day simple moving average is $52.50. Schlumberger Limited has a one year low of $42.73 and a one year high of $62.12. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly 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 business had revenue of $8.99 billion for the quarter, compared to analysts' expectations of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, sell-side analysts predict that Schlumberger Limited will post 3.52 EPS for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, February 6th. Schlumberger's dividend payout ratio (DPR) is currently 34.25%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Schlumberger from $66.00 to $69.00 and gave the stock an "outperform" rating in a report on Wednesday, April 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of Schlumberger in a report on Monday, April 1st. Stifel Nicolaus increased their price target on shares of Schlumberger from $63.00 to $64.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Barclays lowered their price target on shares of Schlumberger from $74.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 4th. Finally, HSBC reaffirmed a "buy" rating and issued a $71.00 target price on shares of Schlumberger in a research note on Thursday, April 4th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of "Moderate Buy" and an average price target of $70.31.

Insider Activity at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Stephane Biguet sold 6,250 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Howard Guild sold 22,853 shares of the business's stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total transaction of $1,180,585.98. Following the sale, the chief accounting officer now owns 22,181 shares in the company, valued at approximately $1,145,870.46. The disclosure for this sale can be found here. Insiders have sold a total of 172,191 shares of company stock worth $8,636,322 over the last quarter. Corporate insiders own 0.26% of the company's stock.

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.

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