Schlumberger Limited (NYSE:SLB) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC cut its stake in Schlumberger Limited (NYSE:SLB) by 3.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 12,425 shares of the oil and gas company’s stock after selling 477 shares during the period. Howland Capital Management LLC’s holdings in Schlumberger were worth $685,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BCM Advisors LLC grew its holdings in shares of Schlumberger by 1.1% during the 1st quarter. BCM Advisors LLC now owns 18,904 shares of the oil and gas company’s stock worth $1,036,000 after purchasing an additional 204 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Schlumberger by 1.9% in the first quarter. Checchi Capital Advisers LLC now owns 10,808 shares of the oil and gas company’s stock worth $592,000 after acquiring an additional 204 shares in the last quarter. Hilltop Holdings Inc. raised its stake in shares of Schlumberger by 2.1% in the 4th quarter. Hilltop Holdings Inc. now owns 10,761 shares of the oil and gas company’s stock valued at $560,000 after acquiring an additional 219 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Schlumberger by 1.9% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 12,196 shares of the oil and gas company’s stock valued at $635,000 after acquiring an additional 228 shares in the last quarter. Finally, Team Hewins LLC boosted its position in Schlumberger by 3.0% during the 1st quarter. Team Hewins LLC now owns 7,924 shares of the oil and gas company’s stock worth $436,000 after purchasing an additional 229 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Schlumberger

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

Analyst Ratings Changes

SLB has been the topic of several research reports. Benchmark reissued a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research report on Tuesday, June 25th. Royal Bank of Canada raised their price target on shares of Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Wells Fargo & Company cut shares of Schlumberger from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $68.00 to $53.00 in a research report on Monday, April 29th. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target on shares of Schlumberger in a research note on Monday, April 22nd. Finally, Bank of America lowered their price objective on Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.18.

Schlumberger Stock Performance

SLB stock traded up $0.90 during midday trading on Thursday, reaching $46.18. The company had a trading volume of 6,239,403 shares, compared to its average volume of 11,156,501. The firm has a market capitalization of $66.01 billion, a PE ratio of 15.04, a P/E/G ratio of 0.89 and a beta of 1.55. The stock has a 50 day moving average price of $46.29 and a 200 day moving average price of $49.28. Schlumberger Limited has a fifty-two week low of $42.61 and a fifty-two week high of $62.12. 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 released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.70 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts anticipate that Schlumberger Limited will post 3.51 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, June 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

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.