TD Waterhouse Canada Inc. Sells 49,623 Shares of Schlumberger Limited (NYSE:SLB)

TD Waterhouse Canada Inc. reduced its position in Schlumberger Limited (NYSE:SLB - Free Report) by 52.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,975 shares of the oil and gas company's stock after selling 49,623 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Schlumberger were worth $1,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CX Institutional raised its position in Schlumberger by 2.4% in the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after purchasing an additional 244 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Schlumberger by 1.3% in the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after buying an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Schlumberger by 0.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock worth $2,174,000 after buying an additional 262 shares during the period. Cromwell Holdings LLC boosted its stake 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 valued at $167,000 after buying an additional 283 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its position in Schlumberger by 2.0% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock valued at $566,000 after acquiring an additional 293 shares during the period. Institutional investors own 81.99% of the company's stock.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the transaction, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,647 shares of company stock valued at $4,876,679 in the last quarter. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Piper Sandler dropped their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Susquehanna reduced their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Five investment 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 currently has an average rating of "Moderate Buy" and an average target price of $53.32.

Schlumberger Stock Performance

SLB stock traded up $0.01 during midday trading on Tuesday, reaching $34.11. 6,534,470 shares of the company were exchanged, compared to its average volume of 17,230,688. The firm has a market capitalization of $46.38 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The business has a 50-day moving average price of $38.45 and a two-hundred day moving average price of $40.29. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business earned $0.75 EPS. Equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

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.