Schlumberger Limited (NYSE:SLB) Shares Sold by Ellerson Group Inc. ADV

Ellerson Group Inc. ADV reduced its holdings in Schlumberger Limited (NYSE:SLB) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,101 shares of the oil and gas company’s stock after selling 1,609 shares during the period. Schlumberger comprises 1.4% of Ellerson Group Inc. ADV’s holdings, making the stock its 26th largest position. Ellerson Group Inc. ADV’s holdings in Schlumberger were worth $1,959,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Prospera Private Wealth LLC purchased a new position in shares of Schlumberger in the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new position in shares of Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger in the fourth quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new position in shares of Schlumberger in the third quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Schlumberger in the fourth quarter valued at approximately $34,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $41.36 on Friday. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The business’s fifty day simple moving average is $40.73 and its 200-day simple moving average is $41.64. The firm has a market cap of $56.25 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. 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 posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS. Equities analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. 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 currently 36.66%.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the company’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 sale, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SLB shares. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and issued a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price objective on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, TD Cowen lifted their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Six equities research 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. Based on data from MarketBeat.com, the company currently has a consensus 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.