Schlumberger Limited (NYSE:SLB) Shares Sold by Coastline Trust Co

Coastline Trust Co reduced its holdings in shares of Schlumberger Limited (NYSE:SLBFree Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,617 shares of the oil and gas company’s stock after selling 1,080 shares during the quarter. Coastline Trust Co’s holdings in Schlumberger were worth $3,102,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SLB. Landmark Financial Advisors LLC grew its holdings in shares of Schlumberger by 3.6% in the 3rd quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock worth $282,000 after acquiring an additional 170 shares during the period. Investment Advisory Services Inc. TX ADV grew its holdings in Schlumberger by 1.4% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock valued at $698,000 after buying an additional 171 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in Schlumberger by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after buying an additional 176 shares during the last quarter. Stonegate Investment Group LLC grew its holdings in Schlumberger by 1.7% during the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after buying an additional 177 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in Schlumberger by 4.9% during the 3rd quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock valued at $241,000 after buying an additional 192 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus increased their target price on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Susquehanna reiterated a “positive” rating and set a $77.00 target price on shares of Schlumberger in a report on Tuesday, February 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a report on Monday. Benchmark reiterated a “buy” rating and set a $68.00 target price on shares of Schlumberger in a report on Monday, March 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Schlumberger in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average price target of $70.87.

Get Our Latest Stock Analysis on Schlumberger

Schlumberger Stock Down 1.0 %

NYSE:SLB traded down $0.55 during mid-day trading on Tuesday, hitting $54.67. The company had a trading volume of 18,538,474 shares, compared to its average volume of 11,507,563. The business has a fifty day simple moving average of $50.69 and a 200-day simple moving average of $52.99. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $78.04 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 0.98 and a beta of 1.60. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.12.

Schlumberger (NYSE:SLBGet Free Report) last announced 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 during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Equities analysts forecast that Schlumberger Limited will post 3.54 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. Schlumberger’s dividend payout ratio is presently 34.25%.

Insider Activity

In other news, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the completion of the sale, the executive vice president now directly owns 386,841 shares in the company, valued at $19,504,523.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the transaction, the executive vice president now directly owns 386,841 shares in the company, valued at $19,504,523.22. 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 Schlumberger stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock worth $8,636,322 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.