New Age Alpha Advisors LLC Buys New Position in Schlumberger Limited (NYSE:SLB)

New Age Alpha Advisors LLC purchased a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 132,112 shares of the oil and gas company's stock, valued at approximately $5,065,000.

Several other hedge funds have also recently made changes to their positions in SLB. YANKCOM Partnership bought a new stake in shares of Schlumberger in the 4th quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger in the fourth quarter worth $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger in the fourth quarter valued at $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at about $38,000. Finally, Bogart Wealth LLC boosted its position in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on SLB. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Piper Sandler initiated coverage on shares of Schlumberger in a report on Thursday, December 19th. They set a "neutral" rating and a $47.00 price objective for the company. Finally, BMO Capital Markets lowered their target price on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.69.

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Schlumberger Stock Performance

NYSE SLB traded up $0.32 on Tuesday, hitting $42.12. 8,995,876 shares of the stock traded hands, compared to its average volume of 15,306,006. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The business's fifty day moving average is $41.25 and its two-hundred day moving average is $41.48. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.65. The firm has a market capitalization of $57.27 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results 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. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio is presently 36.66%.

Insider Buying and Selling

In other news, VP Ugo Prechner sold 7,000 shares of the firm's stock in a transaction 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 directly owns 11,240 shares of the company's stock, valued at $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,772 shares of company stock valued at $12,546,660. Company insiders own 0.26% of the company's stock.

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.