Stockman Wealth Management Inc. Decreases Stake in Schlumberger Limited (NYSE:SLB)

Stockman Wealth Management Inc. lowered its position in Schlumberger Limited (NYSE:SLB) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 190,298 shares of the oil and gas company’s stock after selling 2,268 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Schlumberger were worth $7,296,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. increased its holdings in Schlumberger by 0.9% in the 4th quarter. Robinson Value Management Ltd. now owns 62,312 shares of the oil and gas company’s stock worth $2,389,000 after acquiring an additional 582 shares during the last quarter. Howland Capital Management LLC increased its holdings in Schlumberger by 22.1% in the 4th quarter. Howland Capital Management LLC now owns 13,225 shares of the oil and gas company’s stock worth $511,000 after acquiring an additional 2,390 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in Schlumberger by 19.9% in the 4th quarter. Quotient Wealth Partners LLC now owns 44,436 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 7,384 shares during the last quarter. WCM Investment Management LLC increased its holdings in Schlumberger by 77.6% in the 4th quarter. WCM Investment Management LLC now owns 37,116 shares of the oil and gas company’s stock worth $1,403,000 after acquiring an additional 16,218 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Schlumberger by 4.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 19,482 shares of the oil and gas company’s stock worth $747,000 after acquiring an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

Shares of NYSE SLB opened at $40.15 on Friday. The stock has a market cap of $56.25 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 9.49 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The stock’s 50-day moving average is $40.17 and its 200 day moving average is $42.28.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. On average, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is 36.66%.

Insiders Place Their Bets

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares of the company’s stock, valued at $496,808. The trade was a 38.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock valued at $11,442,229 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets cut their target price on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Evercore ISI restated an “in-line” rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. TD Cowen raised their target price on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company cut their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

About Schlumberger

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.