Dumont & Blake Investment Advisors LLC Sells 1,015 Shares of Schlumberger Limited (NYSE:SLB)

Dumont & Blake Investment Advisors LLC cut its holdings in Schlumberger Limited (NYSE:SLBFree Report) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 20,360 shares of the oil and gas company’s stock after selling 1,015 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Schlumberger were worth $1,060,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. BluePath Capital Management LLC acquired a new stake in Schlumberger during the third quarter worth about $25,000. MCF Advisors LLC grew 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 buying an additional 461 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in Schlumberger during the third quarter worth about $31,000. Coppell Advisory Solutions LLC acquired a new stake in Schlumberger during the second quarter valued at approximately $27,000. Finally, Global Trust Asset Management LLC boosted its holdings 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 valued at $34,000 after purchasing an additional 200 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.01 during midday trading on Wednesday, reaching $54.69. The company’s stock had a trading volume of 8,982,961 shares, compared to its average volume of 11,463,240. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The business’s 50 day moving average price is $50.77 and its two-hundred day moving average price is $52.95. The company has a market cap of $78.06 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.99 and a beta of 1.60.

Schlumberger (NYSE:SLBGet 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 analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts forecast that Schlumberger Limited will post 3.54 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.83%. Schlumberger’s payout ratio is presently 34.25%.

Insiders Place Their Bets

In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were 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 of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mogharbel Khaled Al sold 38,570 shares of the business’s stock in a transaction on 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 approximately $19,504,523.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SLB shares. Royal Bank of Canada increased their price target on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Susquehanna reaffirmed a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research note on Tuesday, February 13th. Benchmark reiterated a “buy” rating and set a $68.00 target price on shares of Schlumberger in a report on Wednesday. Finally, Barclays decreased their price objective on Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. One research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $71.07.

View Our Latest Research Report on SLB

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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