Waycross Partners LLC Has $1.82 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Waycross Partners LLC lessened its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,000 shares of the oil and gas company's stock after selling 17,500 shares during the period. Waycross Partners LLC's holdings in Schlumberger were worth $1,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in shares of Schlumberger by 3,008.8% in the third quarter. Exchange Traded Concepts LLC now owns 6,031 shares of the oil and gas company's stock valued at $352,000 after acquiring an additional 5,837 shares during the period. PDS Planning Inc bought a new stake in shares of Schlumberger in the third quarter valued at approximately $227,000. Sheets Smith Wealth Management boosted its position in shares of Schlumberger by 23.9% in the third quarter. Sheets Smith Wealth Management now owns 9,847 shares of the oil and gas company's stock valued at $574,000 after acquiring an additional 1,900 shares during the period. Atlas Private Wealth Management boosted its position in shares of Schlumberger by 6.3% in the third quarter. Atlas Private Wealth Management now owns 18,068 shares of the oil and gas company's stock valued at $1,053,000 after acquiring an additional 1,076 shares during the period. Finally, Accurate Wealth Management LLC bought a new stake in shares of Schlumberger in the third quarter valued at approximately $228,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Down 3.5 %

Shares of NYSE:SLB traded down $1.73 during trading on Tuesday, hitting $47.48. 14,138,969 shares of the company's stock traded hands, compared to its average volume of 11,196,837. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The company has a market cap of $67.87 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60. The company has a 50-day moving average price of $51.73 and a 200-day moving average price of $51.93.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $8.71 billion for the quarter, compared to analysts' expectations of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. Schlumberger's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, research analysts forecast that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be paid a $0.275 dividend. This is a boost from Schlumberger's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 annualized dividend and a yield of 2.32%. Schlumberger's payout ratio is presently 36.54%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays reduced their target price on Schlumberger from $74.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 4th. Wells Fargo & Company cut Schlumberger from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $68.00 to $53.00 in a report on Monday. HSBC restated a "buy" rating and issued a $71.00 target price on shares of Schlumberger in a research note on Thursday, April 4th. Morgan Stanley restated an "overweight" rating and issued a $65.00 target price on shares of Schlumberger in a research note on Monday, April 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Schlumberger in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.72.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 261,507 shares in the company, valued at approximately $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 261,507 shares of the company's stock, valued at approximately $12,688,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.64, for a total value of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at approximately $11,816,212.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,295 shares of company stock worth $3,707,595. Corporate insiders own 0.26% of the company's stock.

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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