Jacobs & Co. CA Sells 1,000 Shares of Schlumberger Limited (NYSE:SLB)

Jacobs & Co. CA lowered its position in shares of Schlumberger Limited (NYSE:SLB) by 16.0% in the fourth quarter, HoldingsChannel reports. The fund owned 5,255 shares of the oil and gas company’s stock after selling 1,000 shares during the period. Jacobs & Co. CA’s holdings in Schlumberger were worth $201,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SLB. 1832 Asset Management L.P. acquired a new position in Schlumberger during the 2nd quarter worth approximately $91,364,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Schlumberger by 20.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock valued at $470,425,000 after buying an additional 1,916,851 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Schlumberger by 14.0% in the 2nd quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company’s stock valued at $598,544,000 after buying an additional 1,560,684 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Schlumberger by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company’s stock valued at $333,445,000 after buying an additional 915,705 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new stake in shares of Schlumberger in the 2nd quarter valued at approximately $42,957,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger 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 transaction, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. The trade was a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.11 during mid-day trading on Friday, reaching $38.92. The company had a trading volume of 8,404,924 shares, compared to its average volume of 9,856,421. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The firm has a market cap of $54.96 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.42 and a beta of 1.52. The business’s 50-day simple moving average is $41.00 and its 200 day simple moving average is $43.16.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter last year, the business earned $0.78 earnings per share. Schlumberger’s revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, December 4th. Schlumberger’s dividend payout ratio is presently 35.37%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SLB shares. Piper Sandler started coverage on Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price objective for the company. Wells Fargo & Company cut their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Evercore ISI cut their price target on Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Monday, October 21st. TD Cowen cut their price target on Schlumberger from $65.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus cut their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.58.

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.