Schlumberger Limited (NYSE:SLB) Stock Holdings Decreased by Nemes Rush Group LLC

Nemes Rush Group LLC reduced its position in shares of Schlumberger Limited (NYSE:SLB) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,514 shares of the oil and gas company’s stock after selling 1,176 shares during the quarter. Nemes Rush Group LLC’s holdings in Schlumberger were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. YANKCOM Partnership bought a new position in shares of Schlumberger during the fourth quarter worth about $31,000. Stonebridge Financial Group LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger in the 4th quarter worth about $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger in the fourth quarter worth about $38,000. Finally, Bogart Wealth LLC increased its position in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 844 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ugo Prechner sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock valued at $12,546,660 over the last quarter. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on SLB shares. JPMorgan Chase & Co. lifted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Griffin Securities downgraded shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Evercore ISI reiterated an “in-line” rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Finally, Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.69.

Schlumberger Trading Down 0.1 %

NYSE SLB opened at $41.83 on Tuesday. The business’s fifty day moving average is $41.25 and its 200-day moving average is $41.48. 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 Limited has a one year low of $36.52 and a one year high of $55.65. The stock has a market capitalization of $56.89 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 36.66%.

About Schlumberger

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.