Yousif Capital Management LLC Has $7.19 Million Stake in Schlumberger Limited (NYSE:SLB)

Yousif Capital Management LLC reduced its position in Schlumberger Limited (NYSE:SLB) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,482 shares of the oil and gas company’s stock after selling 7,237 shares during the quarter. Yousif Capital Management LLC’s holdings in Schlumberger were worth $7,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank lifted its stake in Schlumberger by 6.2% during the third quarter. Czech National Bank now owns 289,269 shares of the oil and gas company’s stock worth $12,135,000 after purchasing an additional 16,919 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Schlumberger by 7.0% during the 3rd quarter. GAMMA Investing LLC now owns 15,870 shares of the oil and gas company’s stock worth $666,000 after buying an additional 1,042 shares during the last quarter. Diversified Trust Co boosted its stake in Schlumberger by 12.4% in the third quarter. Diversified Trust Co now owns 18,013 shares of the oil and gas company’s stock valued at $756,000 after buying an additional 1,994 shares in the last quarter. Fulton Bank N.A. grew its position in Schlumberger by 21.6% in the third quarter. Fulton Bank N.A. now owns 17,489 shares of the oil and gas company’s stock valued at $734,000 after acquiring an additional 3,109 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in Schlumberger by 7.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 10,365 shares of the oil and gas company’s stock worth $435,000 after acquiring an additional 696 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Performance

Shares of SLB opened at $40.82 on Thursday. 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 firm’s fifty day simple moving average is $40.38 and its two-hundred day simple moving average is $42.37. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The stock has a market capitalization of $57.18 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 9.55 and a beta of 1.51.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, analysts predict 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 paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.79%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 35.37%.

Insider Activity at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ugo Prechner sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock worth $11,442,229 in the last quarter. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the topic of several research reports. TD Cowen lifted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Bank of America decreased their target price on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Evercore ISI reissued an “in-line” rating and set a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, Barclays cut their price target on Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

About Schlumberger

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.