Baader Bank Aktiengesellschaft Acquires Shares of 11,361 Schlumberger Limited (NYSE:SLB)

Baader Bank Aktiengesellschaft purchased a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,361 shares of the oil and gas company's stock, valued at approximately $435,000.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in Schlumberger by 89.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 132,062 shares of the oil and gas company's stock worth $6,231,000 after purchasing an additional 62,466 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Schlumberger by 30.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,908 shares of the oil and gas company's stock worth $326,000 after purchasing an additional 1,606 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Schlumberger by 10.1% during the 2nd quarter. Cetera Investment Advisers now owns 238,145 shares of the oil and gas company's stock worth $11,236,000 after purchasing an additional 21,760 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Schlumberger in the 2nd quarter valued at approximately $15,603,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in Schlumberger by 379.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,402 shares of the oil and gas company's stock valued at $113,000 after buying an additional 1,901 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ugo Prechner sold 7,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares of the company's stock, valued at $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,258 shares of company stock valued at $11,219,004. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI reissued an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Bank of America lowered their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Wells Fargo & Company reduced their price target on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. increased their target price on 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.81.

Schlumberger Stock Down 2.4 %

NYSE SLB traded down $1.00 on Friday, reaching $40.02. The company had a trading volume of 793,702 shares, compared to its average volume of 14,635,612. 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 1 year low of $36.52 and a 1 year high of $55.69. The firm has a 50-day moving average of $40.58 and a 200-day moving average of $42.63. The firm has a market capitalization of $56.06 billion, a PE ratio of 12.86, a P/E/G ratio of 9.70 and a beta of 1.52.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is presently 35.37%.

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.