Sciencast Management LP Sells 4,034 Shares of Schlumberger Limited (NYSE:SLB)

Sciencast Management LP reduced its stake in shares of Schlumberger Limited (NYSE:SLB) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,865 shares of the oil and gas company’s stock after selling 4,034 shares during the period. Sciencast Management LP’s holdings in Schlumberger were worth $1,418,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Schlumberger in the fourth quarter worth about $26,000. Register Financial Advisors LLC bought a new position in shares of Schlumberger in the first quarter worth about $27,000. Manchester Capital Management LLC increased its stake in shares of Schlumberger by 297.9% in the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 426 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Schlumberger in the fourth quarter worth about $32,000. Finally, Janiczek Wealth Management LLC increased its stake in shares of Schlumberger by 1,180.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 602 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Cowen dropped their price objective on Schlumberger from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Barclays decreased their target price on Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. HSBC reissued a “buy” rating and set a $71.00 target price on shares of Schlumberger in a research report on Thursday, April 4th. Finally, Citigroup decreased their target price on Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.18.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 4,980 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the transaction, the insider now directly owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bejar Carmen Rando sold 4,980 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $43.43, for a total value of $216,281.40. Following the completion of the transaction, the insider now owns 22,518 shares in the company, valued at approximately $977,956.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Demosthenis Pafitis sold 63,095 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the completion of the transaction, the chief technology officer now owns 33,421 shares of the company’s stock, valued at approximately $1,612,897.46. The disclosure for this sale can be found here. Insiders have sold 106,158 shares of company stock valued at $5,099,893 in the last three months. 0.26% of the stock is owned by corporate insiders.

Schlumberger Price Performance

NYSE SLB traded up $0.23 during trading on Friday, reaching $46.42. 6,563,940 shares of the company traded hands, compared to its average volume of 11,122,130. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. The stock’s 50 day moving average price is $46.24 and its two-hundred day moving average price is $49.21. The company has a market cap of $66.35 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 0.87 and a beta of 1.55. Schlumberger Limited has a 1-year low of $42.61 and a 1-year high of $62.12.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. Schlumberger’s revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. As a group, analysts anticipate that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th were issued a $0.275 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, June 5th. Schlumberger’s payout ratio is presently 36.54%.

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.