Stanley Laman Group Ltd. Has $3.39 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Stanley Laman Group Ltd. decreased its stake in Schlumberger Limited (NYSE:SLB) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 65,071 shares of the oil and gas company’s stock after selling 3,738 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Schlumberger were worth $3,386,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SLB. Royal Bank of Canada grew its stake in shares of Schlumberger by 79.7% in the 3rd quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company’s stock valued at $286,835,000 after buying an additional 2,182,706 shares in the last quarter. Sanders Capital LLC grew its position in Schlumberger by 34.9% in the third quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock worth $469,693,000 after acquiring an additional 2,085,506 shares in the last quarter. Invesco Ltd. increased its stake in shares of Schlumberger by 30.5% during the 3rd quarter. Invesco Ltd. now owns 8,370,835 shares of the oil and gas company’s stock worth $488,020,000 after purchasing an additional 1,954,620 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Schlumberger by 156.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,974,987 shares of the oil and gas company’s stock valued at $173,442,000 after purchasing an additional 1,814,440 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in shares of Schlumberger by 48.2% in the 3rd quarter. Capital Wealth Planning LLC now owns 5,555,662 shares of the oil and gas company’s stock valued at $323,895,000 after purchasing an additional 1,807,061 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Performance

Shares of NYSE SLB traded up $0.34 during trading hours on Thursday, reaching $49.45. The stock had a trading volume of 7,965,899 shares, compared to its average volume of 11,221,724. The company has a market cap of $70.58 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.96 and a beta of 1.60. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. The business’s fifty day moving average is $51.73 and its two-hundred day moving average is $52.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, research analysts expect that Schlumberger Limited will post 3.5 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio is 36.54%.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of analyst reports. Bank of America lowered their price objective on Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $64.00 price target on shares of Schlumberger in a report on Monday. Barclays reduced their price objective on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Wells Fargo & Company raised their target price on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, HSBC reissued a “buy” rating and set a $71.00 target price on shares of Schlumberger in a research report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Insiders Place Their Bets

In other news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on 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 directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Katharina Beumelburg sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.62, for a total value of $420,960.00. Following the transaction, the insider now directly owns 15,581 shares of the company’s stock, valued at approximately $819,872.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly 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 a total of 90,545 shares of company stock worth $4,458,430 over the last quarter. Company 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.