Everence Capital Management Inc. Lowers Stock Holdings in Schlumberger Limited (NYSE:SLB)

Everence Capital Management Inc. trimmed its position in Schlumberger Limited (NYSE:SLB) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,776 shares of the oil and gas company’s stock after selling 1,760 shares during the quarter. Everence Capital Management Inc.’s holdings in Schlumberger were worth $4,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SLB. Landmark Financial Advisors LLC raised its position in Schlumberger by 3.6% in the 3rd quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock worth $282,000 after buying an additional 170 shares during the last quarter. Investment Advisory Services Inc. TX ADV increased its position in shares of Schlumberger by 1.4% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 171 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Schlumberger by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after purchasing an additional 176 shares during the last quarter. Stonegate Investment Group LLC increased its position in shares of Schlumberger by 1.7% during the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after purchasing an additional 177 shares during the last quarter. Finally, CI Investments Inc. increased its position in shares of Schlumberger by 4.9% during the 3rd quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 192 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares in the company, valued at approximately $12,688,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Susquehanna reiterated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research note on Monday, April 8th. HSBC reiterated a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a research note on Thursday, April 4th. Stifel Nicolaus boosted their price objective on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Bank of America boosted their price objective on Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average price target of $70.31.

Schlumberger Price Performance

SLB stock traded down $0.26 during midday trading on Tuesday, hitting $51.41. The company’s stock had a trading volume of 10,342,015 shares, compared to its average volume of 11,262,680. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $73.38 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60. The company has a 50 day moving average of $51.36 and a two-hundred day moving average of $52.56.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, analysts expect that Schlumberger Limited will post 3.52 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. Schlumberger’s dividend payout ratio is currently 34.25%.

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