Clarius Group LLC Trims Holdings in Schlumberger Limited (NYSE:SLB)

Clarius Group LLC lessened its stake in Schlumberger Limited (NYSE:SLB) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,140 shares of the oil and gas company’s stock after selling 416 shares during the period. Clarius Group LLC’s holdings in Schlumberger were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SLB. Acadian Asset Management LLC bought a new position in shares of Schlumberger during the first quarter worth about $25,000. Exos TFP Holdings LLC lifted its holdings in Schlumberger by 269.7% during the 1st quarter. Exos TFP Holdings LLC now owns 536 shares of the oil and gas company’s stock worth $26,000 after buying an additional 391 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Schlumberger in the 2nd quarter worth approximately $31,000. Column Capital Advisors LLC increased its holdings in shares of Schlumberger by 50.3% in the 2nd quarter. Column Capital Advisors LLC now owns 648 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 217 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at approximately $35,000. 79.43% of the stock is owned by institutional investors and hedge funds.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $1.65 during trading on Thursday, reaching $52.03. The company had a trading volume of 1,900,305 shares, compared to its average volume of 9,229,459. The firm’s fifty day moving average is $57.94 and its 200 day moving average is $53.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. The firm has a market capitalization of $74.06 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.73 and a beta of 1.77. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.78.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Schlumberger had a return on equity of 21.80% and a net margin of 12.98%. The firm had revenue of $8.31 billion during the quarter, compared to the consensus estimate of $8.32 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Schlumberger Limited will post 2.97 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Wednesday, December 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is presently 34.60%.

Wall Street Analyst Weigh In

SLB has been the subject of several recent research reports. Raymond James boosted their target price on shares of Schlumberger from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. UBS Group raised their target price on shares of Schlumberger from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $62.00 target price on shares of Schlumberger in a report on Monday, July 24th. Societe Generale initiated coverage on Schlumberger in a research report on Monday, October 9th. They set a “buy” rating and a $81.00 price objective for the company. Finally, Barclays increased their target price on Schlumberger from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.36.

Insider Buying and Selling at Schlumberger

In other news, CTO Demosthenis Pafitis sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $58.83, for a total value of $3,529,800.00. Following the transaction, the chief technology officer now owns 36,858 shares of the company’s stock, valued at approximately $2,168,356.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mogharbel Khaled Al sold 30,000 shares of Schlumberger stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $60.24, for a total value of $1,807,200.00. Following the transaction, the executive vice president now owns 324,867 shares of the company’s stock, valued at approximately $19,569,988.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Demosthenis Pafitis sold 60,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $58.83, for a total transaction of $3,529,800.00. Following the sale, the chief technology officer now directly owns 36,858 shares of the company’s stock, valued at $2,168,356.14. The disclosure for this sale can be found here. In the last three months, insiders sold 109,250 shares of company stock valued at $6,441,505. 0.23% of the stock is owned by insiders.

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, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.