Larson Financial Group LLC Has $48,000 Stake in Schlumberger Limited (NYSE:SLB)

Larson Financial Group LLC trimmed its position in shares of Schlumberger Limited (NYSE:SLB) by 55.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 929 shares of the oil and gas company’s stock after selling 1,177 shares during the period. Larson Financial Group LLC’s holdings in Schlumberger were worth $48,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Schlumberger by 1.1% in the third quarter. Vanguard Group Inc. now owns 130,528,372 shares of the oil and gas company’s stock worth $7,609,804,000 after acquiring an additional 1,412,821 shares during the last quarter. FMR LLC lifted its holdings in shares of Schlumberger by 1.1% in the third quarter. FMR LLC now owns 27,171,516 shares of the oil and gas company’s stock worth $1,584,099,000 after acquiring an additional 282,709 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Schlumberger by 1.9% in the third quarter. Morgan Stanley now owns 15,790,074 shares of the oil and gas company’s stock worth $920,561,000 after acquiring an additional 292,817 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Schlumberger by 30.5% in the third quarter. Invesco Ltd. now owns 8,370,835 shares of the oil and gas company’s stock worth $488,020,000 after acquiring an additional 1,954,620 shares during the last quarter. Finally, Sanders Capital LLC lifted its holdings in shares of Schlumberger by 34.9% in the third quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock worth $469,693,000 after acquiring an additional 2,085,506 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction that occurred 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 owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction that occurred 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 owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Katharina Beumelburg sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.62, for a total transaction of $420,960.00. Following the sale, the insider now directly owns 15,581 shares of the company’s stock, valued at approximately $819,872.22. The disclosure for this sale can be found here. Insiders sold a total of 90,545 shares of company stock valued at $4,458,430 in the last quarter. 0.26% of the stock is currently owned by company insiders.

Schlumberger Stock Up 0.7 %

Schlumberger stock opened at $49.45 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. Schlumberger Limited has a 52-week low of $42.73 and a 52-week high of $62.12. The firm has a 50 day moving average price of $51.73 and a two-hundred day moving average price of $52.23. The firm has a market cap of $70.58 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.95 and a beta of 1.60.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. Equities analysts predict that Schlumberger Limited will post 3.5 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 given a dividend of $0.275 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.10 annualized dividend and a dividend yield of 2.22%. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

Analysts Set New Price Targets

SLB has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and issued a $64.00 target price on shares of Schlumberger in a report on Monday. Susquehanna reissued a “positive” rating and issued a $77.00 target price on shares of Schlumberger in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $65.00 target price on shares of Schlumberger in a report on Monday. HSBC reiterated a “buy” rating and issued a $71.00 price objective on shares of Schlumberger in a report on Thursday, April 4th. Finally, Wells Fargo & Company raised their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

Schlumberger 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.