Allianz SE Invests $6.26 Million in Schlumberger Limited (NYSE:SLB)

Allianz SE purchased a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 165,595 shares of the oil and gas company's stock, valued at approximately $6,261,000.

Several other institutional investors have also added to or reduced their stakes in SLB. Teachers Retirement System of The State of Kentucky grew its position in shares of Schlumberger by 25.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock worth $31,961,000 after purchasing an additional 156,698 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Schlumberger by 27.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock worth $3,223,000 after buying an additional 16,350 shares in the last quarter. Bryn Mawr Capital Management LLC increased its stake in Schlumberger by 502.6% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock worth $7,592,000 after acquiring an additional 165,162 shares during the period. Narwhal Capital Management raised its holdings in Schlumberger by 225.5% in the 4th quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock valued at $2,862,000 after acquiring an additional 51,715 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Schlumberger by 5.8% during the 4th quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock valued at $11,739,000 after acquiring an additional 16,914 shares during the period. 81.99% of the stock is currently owned by institutional investors.

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Schlumberger Trading Up 0.8 %

NYSE SLB traded up $0.31 on Tuesday, hitting $42.11. The company's stock had a trading volume of 13,545,409 shares, compared to its average volume of 12,198,977. The firm has a market cap of $57.27 billion, a PE ratio of 13.54, a PEG ratio of 10.10 and a beta of 1.47. The company's 50-day moving average is $41.25 and its 200 day moving average is $41.48. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.65.

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 (EPS) 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 business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the company earned $0.86 EPS. Schlumberger's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

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

Insiders Place Their Bets

In related news, Director Vijay Kasibhatla sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares of the company's stock, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SLB shares. Jefferies Financial Group decreased their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus dropped their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. TD Cowen boosted 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, Royal Bank of Canada restated an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Six investment 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. Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of "Moderate Buy" and an average price target of $55.69.

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.