Solstein Capital LLC Decreases Stock Holdings in Schlumberger Limited (NYSE:SLB)

Solstein Capital LLC trimmed its stake in Schlumberger Limited (NYSE:SLB) by 21.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,359 shares of the oil and gas company’s stock after selling 653 shares during the period. Solstein Capital LLC’s holdings in Schlumberger were worth $90,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

SLB has been the topic of several research reports. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Jefferies Financial Group decreased their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, Griffin Securities cut shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and a consensus price target of $54.79.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock valued at $13,609,283 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

SLB opened at $34.77 on Friday. The stock has a fifty day moving average of $41.02 and a 200-day moving average of $41.45. The firm has a market capitalization of $47.28 billion, a P/E ratio of 11.18, a PEG ratio of 10.10 and a beta of 1.11. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 12-month low of $34.04 and a 12-month high of $55.65.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm 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%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. Equities analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.28%. Schlumberger’s payout ratio is 36.66%.

Schlumberger Company 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.