Janus Henderson Group PLC Sells 3,109,216 Shares of Schlumberger Limited (NYSE:SLB)

Janus Henderson Group PLC decreased its holdings in Schlumberger Limited (NYSE:SLB) by 95.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 140,839 shares of the oil and gas company’s stock after selling 3,109,216 shares during the quarter. Janus Henderson Group PLC’s holdings in Schlumberger were worth $5,403,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. boosted its holdings in Schlumberger by 225.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 1,033,530 shares of the oil and gas company’s stock worth $39,626,000 after acquiring an additional 716,435 shares during the last quarter. Kaizen Financial Strategies purchased a new position in Schlumberger during the fourth quarter worth about $211,000. Gotham Asset Management LLC grew its position in Schlumberger by 146.2% in the 4th quarter. Gotham Asset Management LLC now owns 659,480 shares of the oil and gas company’s stock worth $25,284,000 after purchasing an additional 391,632 shares in the last quarter. Focus Partners Wealth increased its stake in Schlumberger by 32.9% in the 4th quarter. Focus Partners Wealth now owns 148,638 shares of the oil and gas company’s stock valued at $5,777,000 after buying an additional 36,837 shares during the last quarter. Finally, Francis Financial Inc. increased its stake in Schlumberger by 10.9% in the 4th quarter. Francis Financial Inc. now owns 8,149 shares of the oil and gas company’s stock valued at $294,000 after buying an additional 800 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SLB. Stifel Nicolaus reduced their target price on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, April 28th. Wells Fargo & Company upgraded Schlumberger from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Citigroup raised their target price on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. TD Cowen boosted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Barclays decreased their price objective on shares of Schlumberger from $53.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and an average price target of $52.44.

Schlumberger Stock Up 0.0%

SLB opened at $35.74 on Monday. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The company has a market cap of $48.61 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $36.74 and a 200 day moving average of $39.56.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to analysts’ expectations of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, sell-side analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.19%. Schlumberger’s dividend payout ratio is currently 38.64%.

Insider Buying and Selling at Schlumberger

In other news, insider Aparna Raman sold 25,133 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. The trade was a 44.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares in the company, valued at $2,192,657.28. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.