Evanson Asset Management LLC Has $485,000 Stock Position in Schlumberger Limited (NYSE:SLB)

Evanson Asset Management LLC lowered its holdings in shares of Schlumberger Limited (NYSE:SLB) by 11.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,315 shares of the oil and gas company’s stock after selling 1,260 shares during the period. Evanson Asset Management LLC’s holdings in Schlumberger were worth $485,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. BluePath Capital Management LLC bought a new stake in Schlumberger during the 3rd quarter worth $25,000. MCF Advisors LLC increased its position in Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 461 shares during the period. Indiana Trust & Investment Management CO acquired a new position in shares of Schlumberger during the third quarter worth $31,000. Coppell Advisory Solutions LLC bought a new stake in shares of Schlumberger in the second quarter worth $27,000. Finally, Global Trust Asset Management LLC lifted its holdings in Schlumberger by 51.5% during the 3rd quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock worth $34,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Down 0.2 %

Schlumberger stock traded down $0.09 during trading on Thursday, hitting $54.81. 7,689,950 shares of the company were exchanged, compared to its average volume of 11,501,060. The company has a market capitalization of $78.24 billion, a P/E ratio of 18.82, a PEG ratio of 0.97 and a beta of 1.59. The business’s 50 day moving average is $50.37 and its 200 day moving average is $53.18. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same period last year, the firm earned $0.71 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Analysts predict that Schlumberger Limited will post 3.54 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is 34.25%.

Insider Activity at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the sale, the chief financial officer now directly owns 242,932 shares in the company, valued at approximately $11,816,212.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Howard Guild sold 22,853 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the sale, the chief accounting officer now owns 22,181 shares in the company, valued at approximately $1,145,870.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SLB. Susquehanna restated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research report on Tuesday, February 13th. Barclays dropped their price target on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Schlumberger in a research report on Thursday, February 8th. Stifel Nicolaus boosted their target price on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Benchmark reissued a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Schlumberger presently has an average rating of “Moderate Buy” and an average price target of $70.87.

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.