Schlumberger Limited (NYSE:SLB) Shares Purchased by Syon Capital LLC

Syon Capital LLC boosted its position in Schlumberger Limited (NYSE:SLB) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,643 shares of the oil and gas company’s stock after buying an additional 1,848 shares during the quarter. Syon Capital LLC’s holdings in Schlumberger were worth $1,074,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. Global Retirement Partners LLC raised its stake in shares of Schlumberger by 14.1% in the 3rd quarter. Global Retirement Partners LLC now owns 3,563 shares of the oil and gas company’s stock valued at $199,000 after purchasing an additional 440 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of Schlumberger by 0.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 54,995 shares of the oil and gas company’s stock valued at $3,206,000 after buying an additional 506 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Schlumberger by 68.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,722 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 702 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Schlumberger by 3,008.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,031 shares of the oil and gas company’s stock valued at $352,000 after buying an additional 5,837 shares during the last quarter. Finally, Miller Howard Investments Inc. NY grew its position in shares of Schlumberger by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Up 0.7 %

Shares of NYSE:SLB traded up $0.33 during trading on Thursday, reaching $49.44. 7,961,578 shares of the company traded hands, compared to its average volume of 11,221,671. The firm has a fifty day simple moving average of $51.71 and a 200 day simple moving average of $52.25. The firm has a market cap of $70.57 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. Analysts anticipate that Schlumberger Limited will post 3.5 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Insider Activity

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now owns 242,932 shares in the company, valued at approximately $11,816,212.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Abdellah Merad sold 50,000 shares of Schlumberger stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares in the company, valued at approximately $12,688,319.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the sale, the chief financial officer now owns 242,932 shares in the company, valued at $11,816,212.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,545 shares of company stock worth $4,458,430. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Monday. Benchmark restated a “buy” rating and issued a $68.00 target price on shares of Schlumberger in a research report on Monday. TD Cowen decreased their target price on shares of Schlumberger from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley restated an “overweight” rating and issued a $65.00 target price on shares of Schlumberger in a research report on Monday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $64.00 target price on shares of Schlumberger in a research report on Monday. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

Schlumberger Company 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.