Schlumberger Limited (NYSE:SLB) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in Schlumberger Limited (NYSE:SLB) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 571,550 shares of the oil and gas company’s stock after selling 1,629 shares during the quarter. Calamos Advisors LLC’s holdings in Schlumberger were worth $29,743,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. BluePath Capital Management LLC acquired a new position in shares of Schlumberger during the 3rd quarter worth $25,000. MCF Advisors LLC grew its stake in shares of Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 461 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Schlumberger in the 4th quarter valued at about $26,000. Coppell Advisory Solutions LLC acquired a new stake in Schlumberger in the 2nd quarter valued at about $27,000. Finally, Acadian Asset Management LLC acquired a new stake in Schlumberger in the 1st quarter valued at about $25,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the sale, the executive vice president now directly owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock valued at $8,636,322 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on SLB. Barclays lowered their price objective on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Benchmark reissued a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Wednesday, April 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Wells Fargo & Company increased their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Bank of America upped their target price on shares of Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.31.

Schlumberger Trading Down 2.2 %

SLB traded down $1.13 on Friday, reaching $49.81. 3,312,834 shares of the company’s stock were exchanged, compared to its average volume of 11,095,713. The company’s 50 day moving average is $51.56 and its 200-day moving average is $52.48. The company has a market cap of $71.10 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.97 and a beta of 1.60. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Equities analysts predict that Schlumberger Limited will post 3.52 earnings per share 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 given a $0.275 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 2.21%. Schlumberger’s dividend payout ratio (DPR) is 37.67%.

About Schlumberger

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.