Wisconsin Capital Management LLC Cuts Position in Schlumberger Limited (NYSE:SLB)

Wisconsin Capital Management LLC trimmed its holdings in shares of Schlumberger Limited (NYSE:SLB) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,781 shares of the oil and gas company’s stock after selling 891 shares during the quarter. Schlumberger accounts for about 2.7% of Wisconsin Capital Management LLC’s portfolio, making the stock its 12th largest position. Wisconsin Capital Management LLC’s holdings in Schlumberger were worth $4,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLB. Investment Advisory Services Inc. TX ADV grew its stake in 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 raised its holdings in Schlumberger by 0.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock worth $1,915,000 after purchasing an additional 176 shares during the period. Stonegate Investment Group LLC raised its holdings in Schlumberger by 1.7% in the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock worth $633,000 after purchasing an additional 177 shares during the period. CI Investments Inc. raised its holdings in Schlumberger by 4.9% in the 3rd quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock worth $241,000 after purchasing an additional 192 shares during the period. Finally, Montgomery Investment Management Inc. raised its holdings in Schlumberger by 1.9% in the 3rd quarter. Montgomery Investment Management Inc. now owns 10,920 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 200 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Bank of America reduced their target price on Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a report on Monday. Barclays dropped their price target on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Royal Bank of Canada increased their price objective on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus restated a “buy” rating and set a $64.00 price target on shares of Schlumberger in a research report on Monday. Finally, TD Cowen lowered their price target on Schlumberger from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.67.

Insider Activity

In other news, insider Katharina Beumelburg sold 8,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.62, for a total value of $420,960.00. Following the sale, the insider now owns 15,581 shares in the company, valued at approximately $819,872.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at $13,151,825.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katharina Beumelburg sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.62, for a total transaction of $420,960.00. Following the sale, the insider now owns 15,581 shares of the company’s stock, valued at $819,872.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,545 shares of company stock worth $4,458,430. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Trading Up 0.7 %

Shares of NYSE SLB traded up $0.34 during trading on Thursday, hitting $49.45. 7,965,899 shares of the company traded hands, compared to its average volume of 11,221,724. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.12. The company has a 50-day moving average price of $51.73 and a 200-day moving average price of $52.23. The firm has a market capitalization of $70.58 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.96 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts predict that Schlumberger Limited will post 3.5 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s payout ratio is currently 36.54%.

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.