Schlumberger Limited (NYSE:SLB) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in Schlumberger Limited (NYSE:SLB) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,897 shares of the oil and gas company’s stock after selling 2,640 shares during the quarter. Securian Asset Management Inc.’s holdings in Schlumberger were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in Schlumberger in the 3rd quarter valued at about $29,000. YANKCOM Partnership acquired a new position in shares of Schlumberger during the 4th quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the 4th quarter valued at about $32,000. Ashton Thomas Securities LLC acquired a new position in shares of Schlumberger during the 3rd quarter valued at about $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Down 0.0 %

NYSE SLB opened at $40.06 on Thursday. The stock has a market cap of $54.48 billion, a PE ratio of 12.88, a P/E/G ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The business has a 50 day moving average price of $40.87 and a two-hundred day moving average price of $41.56. 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 (NYSE:SLB) last released its quarterly 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 firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. As a group, sell-side analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is 36.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SLB. Atb Cap Markets downgraded shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Barclays dropped their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Stifel Nicolaus dropped their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. BMO Capital Markets dropped their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Insider Activity

In other news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares in the company, valued at approximately $496,808. This represents a 38.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the transaction, the insider now owns 235,024 shares of the company’s stock, valued at approximately $10,331,655.04. This trade represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by insiders.

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.