8,900 Shares in Schlumberger Limited (NYSE:SLB) Bought by Cutler Capital Management LLC

Cutler Capital Management LLC acquired a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,900 shares of the oil and gas company's stock, valued at approximately $341,000.

A number of other large investors have also added to or reduced their stakes in SLB. IHT Wealth Management LLC increased its position in shares of Schlumberger by 6.5% during the third quarter. IHT Wealth Management LLC now owns 6,416 shares of the oil and gas company's stock valued at $270,000 after buying an additional 394 shares during the period. EP Wealth Advisors LLC boosted its position in Schlumberger by 323.2% during the third quarter. EP Wealth Advisors LLC now owns 29,236 shares of the oil and gas company's stock valued at $1,226,000 after buying an additional 22,328 shares during the period. Orion Portfolio Solutions LLC grew its position in Schlumberger by 1.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 72,661 shares of the oil and gas company's stock worth $3,048,000 after acquiring an additional 721 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Schlumberger by 21.0% in the third quarter. MML Investors Services LLC now owns 181,655 shares of the oil and gas company's stock worth $7,620,000 after buying an additional 31,551 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Schlumberger during the third quarter valued at about $232,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $309,400.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the sale, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. This represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 315,905 shares of company stock valued at $13,609,283 over the last three months. 0.26% of the stock is owned by corporate insiders.

Schlumberger Price Performance

SLB traded down $0.32 on Monday, reaching $33.64. The company had a trading volume of 5,701,611 shares, compared to its average volume of 12,968,847. The company has a fifty day moving average of $39.99 and a 200-day moving average of $41.03. The company has a market capitalization of $45.75 billion, a P/E ratio of 10.82, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a one year low of $31.11 and a one year high of $52.91. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of research analyst reports. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. TD Cowen increased their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Barclays reduced their price target on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and an average price target of $54.21.

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.