Schlumberger Limited (NYSE:SLB) Shares Bought by Sfmg LLC

Sfmg LLC raised its position in Schlumberger Limited (NYSE:SLB) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 91,646 shares of the oil and gas company’s stock after buying an additional 3,248 shares during the quarter. Sfmg LLC’s holdings in Schlumberger were worth $3,514,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SLB. Prospera Private Wealth LLC acquired a new position in shares of Schlumberger during the 3rd quarter worth $29,000. YANKCOM Partnership acquired a new position in shares of Schlumberger during the 4th quarter worth $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the 4th quarter worth $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the 4th quarter worth $34,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the 4th quarter worth $38,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLB has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Citigroup upped their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. TD Cowen boosted their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Six 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 company’s stock. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Insider Transactions at Schlumberger

In related news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock worth $12,546,660 in the last three months. Company insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 0.5 %

Shares of SLB stock opened at $41.09 on Friday. The firm has a market cap of $55.87 billion, a P/E ratio of 13.21, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The firm’s 50-day simple moving average is $41.18 and its 200-day simple moving average is $41.41.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. As a group, equities analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio is presently 36.66%.

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.