FinTrust Capital Advisors LLC owns $390,000 worth of Schlumberger Limited (NYSE:SLB)

FinTrust Capital Advisors LLC reduced its holdings in Schlumberger Limited (NYSE:SLB – Free Report) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,500 shares of the oil and gas company after selling 19,118 shares during the period. FinTrust Capital Advisors LLC's holdings in Schlumberger were worth $390,000, according to the most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their holdings in the company. CI Investments Inc. increased its position in shares of Schlumberger by 4.9% in the third quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company's stock worth $241,000 after buying an additional 192 shares during the same period. Atria Wealth Solutions Inc. increased its position in shares of Schlumberger by 0.6% in the third quarter. Atria Wealth Solutions Inc. now owns 34,414 shares of the oil and gas company's stock worth $2,007,000 after buying an additional 206 shares during the same period. Hilltop Holdings Inc. increased its position in Schlumberger by 2.1% in the fourth quarter. Hilltop Holdings Inc. now owns 10,761 shares of the oil and gas company's stock worth $560,000 after buying an additional 219 shares during the last quarter. Investment Advisory Services Inc. TX ADV increased its position in Schlumberger by 1.9% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 12,196 shares of the oil and gas company's stock worth $635,000 after purchasing an additional 228 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its position in Schlumberger by 7.0% in the fourth quarter. Horizon Bancorp Inc. IN now owns 3,586 shares of the oil and gas company's stock worth $187,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider buying and selling at Schlumberger

In other Schlumberger news, insider Gavin Rennick sold 38,083 shares of the company's stock in a transaction that occurred on Wednesday, May 22. The shares were sold at an average price of $48.28, for a total value of $1,838,647.24. Following the completion of the transaction, the insider now owns 45,851 shares of the company's stock, valued at approximately $2,213,686.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Gavin Rennick sold 38,083 shares of the company's stock in a transaction that occurred on Wednesday, May 22. The shares were sold at an average price of $48.28, for a total value of $1,838,647.24. Following the sale, the insider now directly owns 45,851 shares of the company's stock, valued at approximately $2,213,686.28. The transaction was disclosed in a filing with the SEC, which is available on the SEC's website. Also, CTO Demosthenis Pafitis sold 63,095 shares of the company's stock in a transaction that occurred on Tuesday, May 14. The shares were sold at an average price of $48.26, for a total value of $3,044,964.70. Following the completion of the sale, the Chief Technology Officer now owns 33,421 shares of the company's stock, valued at $1,612,897.46. The disclosure regarding this sale can be found here. Insiders own 0.26% of the company's stock.

Analysts set new price targets

Several research firms have recently issued reports on SLB. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1. StockNews.com raised Schlumberger from a “hold” rating to a “buy” rating in a research report on Monday, May 27. Royal Bank of Canada raised their price target on Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3. Bank of America decreased their price target on Schlumberger from $63.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, April 22. Finally, Barclays decreased their price target on Schlumberger from $74.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, April 4. One analyst has rated the stock with a “hold” rating and 18 have given the company a “buy” rating. According to MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and an average price target of $68.72.

Check out our latest stock report on SLB

Price development of Schlumberger shares

Schlumberger shares rose $0.30 on Friday, reaching $45.89. The trading volume of the company's shares was 41,723,598 shares, compared to its average volume of 8,278,813. The company has a debt-to-equity ratio of 0.49, a current debt ratio of 1.02 and a current liability ratio of 1.37. The company's 50-day moving average price is $50.10 and its 200-day moving average price is $50.52. The company has a market capitalization of $65.59 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 0.88 and a beta of 1.64. Schlumberger Limited has a one year low of $42.73 and a one year high of $62.12.

Schlumberger (NYSE:SLB – Get Free Report) last released its quarterly earnings results on Friday, April 19. The oil and gas company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.75. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The company's revenue grew 12.6% year-over-year for the quarter. During the same period last year, the company posted earnings per share of $0.63. As a group, equities analysts forecast that Schlumberger Limited will post earnings per share of $3.51 for the current year.

Schlumberger increases dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11. Shareholders of record on Wednesday, June 5th will receive a dividend of $0.275. This is an increase from Schlumberger's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. This represents an annualized dividend of $1.10 and a yield of 2.40%. Schlumberger's dividend payout ratio is 36.54%.

Schlumberger Profile

(Free report)

Schlumberger Limited is engaged in providing technology to the energy industry worldwide. The company operates through four business segments: Digital & Integration, Reservoir Performance, Well Construction and Production Systems. The company provides field development and hydrocarbon production, carbon management and adjacent energy systems integration, reservoir interpretation and exploration data processing services, and well construction and production improvement services and products.

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