Rosenberg Matthew Hamilton Sells 701 Shares of Schlumberger Limited (NYSE:SLB)

Rosenberg Matthew Hamilton lowered its position in Schlumberger Limited (NYSE:SLB) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,348 shares of the oil and gas company’s stock after selling 701 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Schlumberger were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC raised its position in Schlumberger by 393.5% in the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 484 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Schlumberger during the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Schlumberger in the third quarter worth approximately $37,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Schlumberger by 1,068.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP purchased a new position in Schlumberger during the 3rd quarter valued at $47,000. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

SLB has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 target price on shares of Schlumberger in a research report on Thursday, October 3rd. Barclays decreased their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Citigroup dropped their target price on shares of Schlumberger from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. TD Cowen decreased their price target on shares of Schlumberger from $65.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.58.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $39.95 on Wednesday. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company has a market capitalization of $56.42 billion, a PE ratio of 12.85, a P/E/G ratio of 1.42 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The company has a 50-day simple moving average of $40.95 and a two-hundred day simple moving average of $42.95.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the previous year, the business posted $0.78 EPS. Schlumberger’s revenue was up 10.2% on a year-over-year basis. Research analysts expect that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.75%. Schlumberger’s payout ratio is 35.37%.

Insider Buying and Selling

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

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.