Fort Washington Investment Advisors Inc. OH Has $22.93 Million Position in Schlumberger Limited (NYSE:SLB)

Fort Washington Investment Advisors Inc. OH cut its position in Schlumberger Limited (NYSE:SLB) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 597,951 shares of the oil and gas company’s stock after selling 4,035 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Schlumberger were worth $22,925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust lifted its holdings in Schlumberger by 17.4% during the 3rd quarter. Grove Bank & Trust now owns 1,514 shares of the oil and gas company’s stock worth $64,000 after buying an additional 224 shares during the period. M&R Capital Management Inc. lifted its stake in shares of Schlumberger by 1.7% in the third quarter. M&R Capital Management Inc. now owns 14,817 shares of the oil and gas company’s stock worth $622,000 after acquiring an additional 241 shares during the period. GM Advisory Group LLC boosted its holdings in Schlumberger by 3.8% in the third quarter. GM Advisory Group LLC now owns 6,701 shares of the oil and gas company’s stock valued at $281,000 after acquiring an additional 247 shares during the last quarter. Cordatus Wealth Management LLC increased its position in Schlumberger by 2.1% during the 3rd quarter. Cordatus Wealth Management LLC now owns 13,383 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 281 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in Schlumberger by 0.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 40,715 shares of the oil and gas company’s stock worth $1,708,000 after purchasing an additional 284 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Activity

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dianne B. Ralston sold 43,161 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares of the company’s stock, valued at approximately $10,331,655.04. The trade was a 15.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 198,258 shares of company stock worth $8,732,604 over the last quarter. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SLB shares. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Piper Sandler began coverage on Schlumberger in a research report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price objective for the company. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Schlumberger Trading Down 4.8 %

SLB opened at $41.62 on Thursday. The firm has a market capitalization of $58.78 billion, a PE ratio of 13.38, a P/E/G ratio of 3.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The company’s 50-day moving average is $40.83 and its 200 day moving average is $42.80.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9,241,140 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Schlumberger Limited will post 3.29 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.74%. Schlumberger’s dividend payout ratio is presently 35.37%.

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.