Schlumberger Limited (NYSE:SLB) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in Schlumberger Limited (NYSE:SLB) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the oil and gas company’s stock after selling 300 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Schlumberger were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC lifted its position in shares of Schlumberger by 19.9% during the 4th quarter. Aspire Private Capital LLC now owns 4,456 shares of the oil and gas company’s stock valued at $232,000 after acquiring an additional 740 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Schlumberger by 14.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 133,394 shares of the oil and gas company’s stock valued at $6,942,000 after acquiring an additional 16,867 shares during the period. Mengis Capital Management Inc. lifted its position in shares of Schlumberger by 75.2% during the 4th quarter. Mengis Capital Management Inc. now owns 73,355 shares of the oil and gas company’s stock valued at $3,817,000 after acquiring an additional 31,476 shares during the period. Stock Yards Bank & Trust Co. lifted its position in shares of Schlumberger by 9.0% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 430,182 shares of the oil and gas company’s stock valued at $22,387,000 after acquiring an additional 35,537 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Schlumberger during the 4th quarter valued at approximately $348,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Trading Up 0.3 %

Shares of NYSE SLB traded up $0.13 during trading on Tuesday, hitting $49.64. 5,776,172 shares of the company traded hands, compared to its average volume of 11,203,233. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.12. The company has a 50-day moving average price of $51.64 and a 200-day moving average price of $52.32. The firm has a market capitalization of $70.86 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.95 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data 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. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts predict that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.22%. Schlumberger’s payout ratio is currently 36.54%.

Insider Activity

In other news, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was 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 directly owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The disclosure for this sale can be found here. Insiders sold 133,621 shares of company stock valued at $6,691,623 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SLB shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Benchmark restated a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a research report on Monday. Barclays cut their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. BMO Capital Markets cut their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Morgan Stanley restated an “overweight” rating and set a $65.00 price objective on shares of Schlumberger in a research report on Monday. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.67.

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.