DiNuzzo Private Wealth Inc. Sells 245 Shares of Schlumberger Limited (NYSE:SLB)

DiNuzzo Private Wealth Inc. cut its stake in shares of Schlumberger Limited (NYSE:SLB) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 713 shares of the oil and gas company’s stock after selling 245 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Schlumberger were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SLB. Wealth Effects LLC purchased a new position in Schlumberger during the 4th quarter worth $360,000. Stonegate Investment Group LLC grew its position in shares of Schlumberger by 22.3% during the 4th quarter. Stonegate Investment Group LLC now owns 27,706 shares of the oil and gas company’s stock worth $1,062,000 after buying an additional 5,053 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of Schlumberger by 7.3% during the fourth quarter. Perigon Wealth Management LLC now owns 16,859 shares of the oil and gas company’s stock valued at $693,000 after buying an additional 1,146 shares during the period. Jeppson Wealth Management LLC raised its holdings in shares of Schlumberger by 22.7% in the fourth quarter. Jeppson Wealth Management LLC now owns 6,055 shares of the oil and gas company’s stock valued at $232,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. purchased a new stake in Schlumberger in the fourth quarter worth about $363,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Down 2.8 %

Schlumberger stock opened at $41.33 on Wednesday. The stock has a market capitalization of $58.36 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 9.98 and a beta of 1.52. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $40.73 and a two-hundred day moving average of $42.69. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. Schlumberger’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Schlumberger Limited will post 3.34 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently declared 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 represents a $1.14 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is 35.37%.

Insider Buying and Selling

In other Schlumberger news, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the transaction, the insider now owns 235,024 shares of the company’s stock, valued at $10,331,655.04. This represents a 15.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,258 shares of company stock worth $8,732,604 in the last three months. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Atb Cap Markets downgraded shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Bank of America cut their price target on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Susquehanna decreased their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Finally, Barclays cut their target price on Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong 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 $55.81.

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.