Geneos Wealth Management Inc. Sells 470 Shares of Schlumberger Limited (NYSE:SLB)

Geneos Wealth Management Inc. lowered its holdings in shares of Schlumberger Limited (NYSE:SLB) by 24.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,465 shares of the oil and gas company’s stock after selling 470 shares during the period. Geneos Wealth Management Inc.’s holdings in Schlumberger were worth $76,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Landmark Financial Advisors LLC lifted its holdings in Schlumberger by 3.6% during the third quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock valued at $282,000 after purchasing an additional 170 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its holdings in Schlumberger by 1.4% during the third 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 in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in Schlumberger by 0.5% during the third 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 in the last quarter. Stonegate Investment Group LLC lifted its holdings in Schlumberger by 1.7% during the third 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 in the last quarter. Finally, CI Investments Inc. lifted its holdings in Schlumberger by 4.9% during the third 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 in the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Down 0.6 %

Shares of SLB opened at $51.67 on Tuesday. The company’s fifty day moving average is $51.36 and its 200 day moving average is $52.56. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The stock has a market capitalization of $73.75 billion, a PE ratio of 17.70, a P/E/G ratio of 0.94 and a beta of 1.60. 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 announced 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. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. Schlumberger’s quarterly revenue was up 14.1% on a year-over-year basis. Sell-side analysts expect that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is 34.25%.

Analysts Set New Price Targets

Several brokerages have weighed in on SLB. Barclays lowered their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. HSBC reaffirmed a “buy” rating and set a $71.00 price target on shares of Schlumberger in a report on Thursday, April 4th. Wells Fargo & Company boosted their target price on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Stifel Nicolaus boosted their target price on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Bank of America boosted their target price on shares of Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.31.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the transaction, the vice president now owns 31,198 shares in the company, valued at $1,623,855.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the insider now directly owns 15,581 shares in the company, valued at $819,872.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kevin Fyfe sold 20,223 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the transaction, the vice president now owns 31,198 shares in the company, valued at $1,623,855.90. The disclosure for this sale can be found here. Insiders have sold 172,191 shares of company stock worth $8,636,322 over the last quarter. Insiders own 0.26% of the company’s stock.

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.