Willis Johnson & Associates Inc. Has $284,000 Position in Schlumberger Limited (NYSE:SLB)

Willis Johnson & Associates Inc. trimmed its position in shares of Schlumberger Limited (NYSE:SLB) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,404 shares of the oil and gas company’s stock after selling 543 shares during the period. Willis Johnson & Associates Inc.’s holdings in Schlumberger were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. CX Institutional boosted its position in Schlumberger by 2.4% during the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company’s stock worth $398,000 after buying an additional 244 shares during the period. TCW Group Inc. lifted its holdings in shares of Schlumberger by 1.3% during the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company’s stock worth $759,000 after purchasing an additional 259 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Schlumberger by 0.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company’s stock worth $2,174,000 after purchasing an additional 262 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Schlumberger by 1.0% in the fourth quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company’s stock worth $1,067,000 after purchasing an additional 273 shares during the last quarter. Finally, Cromwell Holdings LLC increased its holdings in Schlumberger by 7.0% in the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company’s stock valued at $167,000 after purchasing an additional 283 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Gavin Rennick sold 26,990 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now directly owns 53,584 shares of the company’s stock, valued at $2,192,657.28. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aparna Raman sold 25,133 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares of the company’s stock, valued at $1,311,990.68. The trade was a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent research reports. Jefferies Financial Group cut their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus cut their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Barclays decreased their target price on shares of Schlumberger from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Susquehanna dropped their price target on shares of Schlumberger from $48.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday, April 28th. Finally, Citigroup increased their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and an average target price of $52.44.

Schlumberger Stock Down 1.9%

Schlumberger stock opened at $35.10 on Tuesday. The firm has a market capitalization of $47.74 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. The firm’s fifty day moving average price is $36.64 and its two-hundred day moving average price is $39.53. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. 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 (NYSE:SLB) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). The business had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. On average, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.25%. Schlumberger’s payout ratio is 38.64%.

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.