Marketfield Asset Management LLC purchased a new position in Schlumberger Limited. (NYSE:SLB) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 68,217 shares of the oil and gas company’s stock, valued at approximately $2,756,000. Schlumberger makes up approximately 1.5% of Marketfield Asset Management LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Doyle Wealth Management purchased a new stake in Schlumberger in the second quarter worth about $33,000. AllSquare Wealth Management LLC purchased a new stake in Schlumberger in the third quarter worth about $37,000. Acima Private Wealth LLC increased its position in Schlumberger by 34.1% in the third quarter. Acima Private Wealth LLC now owns 1,239 shares of the oil and gas company’s stock worth $42,000 after buying an additional 315 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Schlumberger in the fourth quarter worth about $47,000. Finally, Ellis Investment Partners LLC increased its position in Schlumberger by 256.2% in the third quarter. Ellis Investment Partners LLC now owns 2,162 shares of the oil and gas company’s stock worth $70,000 after buying an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 76.52% of the company’s stock.

In related news, EVP Patrick Schorn sold 65,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $35.89, for a total transaction of $2,332,850.00. Following the completion of the transaction, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $1,794,500. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mogharbel Khaled Al sold 21,385 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $37.07, for a total value of $792,741.95. Following the transaction, the executive vice president now directly owns 69,872 shares of the company’s stock, valued at $2,590,155.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,735 shares of company stock valued at $3,594,864. 0.48% of the stock is owned by corporate insiders.

A number of analysts have commented on SLB shares. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Barclays set a $47.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Friday, October 18th. Cowen cut Schlumberger from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $44.00 to $42.00 in a research report on Tuesday. Bernstein Bank assumed coverage on Schlumberger in a research report on Tuesday, January 14th. They set an “underperform” rating and a $27.10 target price for the company. Finally, Morgan Stanley set a $50.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Schlumberger has an average rating of “Buy” and an average target price of $43.06.

Schlumberger stock traded down $1.42 during midday trading on Tuesday, reaching $36.95. 16,702,024 shares of the stock traded hands, compared to its average volume of 12,466,748. The stock’s fifty day moving average is $39.09 and its 200-day moving average is $36.43. Schlumberger Limited. has a 12 month low of $30.65 and a 12 month high of $48.88. The stock has a market cap of $51.79 billion, a P/E ratio of -5.04, a PEG ratio of 2.82 and a beta of 1.59. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.61.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The company had revenue of $8.23 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities analysts predict that Schlumberger Limited. will post 1.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Tuesday, February 11th. Schlumberger’s payout ratio is presently 136.05%.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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