Americana Partners LLC Takes Position in Schlumberger Limited (NYSE:SLB)

Americana Partners LLC acquired a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 123,852 shares of the oil and gas company's stock, valued at approximately $4,748,000.

Several other hedge funds also recently made changes to their positions in SLB. Blue Trust Inc. increased its holdings in shares of Schlumberger by 49.2% during the third quarter. Blue Trust Inc. now owns 22,111 shares of the oil and gas company's stock worth $928,000 after purchasing an additional 7,289 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of Schlumberger by 8.9% during the third quarter. Capital Investment Advisors LLC now owns 9,426 shares of the oil and gas company's stock worth $395,000 after purchasing an additional 768 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Schlumberger by 4.9% during the third quarter. First Citizens Bank & Trust Co. now owns 11,715 shares of the oil and gas company's stock worth $491,000 after purchasing an additional 546 shares during the period. Raymond James & Associates increased its holdings in shares of Schlumberger by 24.3% during the third quarter. Raymond James & Associates now owns 1,105,148 shares of the oil and gas company's stock worth $46,361,000 after purchasing an additional 215,773 shares during the period. Finally, E&G Advisors LP increased its holdings in shares of Schlumberger by 55.3% during the third quarter. E&G Advisors LP now owns 13,238 shares of the oil and gas company's stock worth $555,000 after purchasing an additional 4,712 shares during the period. 81.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SLB shares. Sanford C. Bernstein raised shares of Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Citigroup lifted their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their price objective on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.81.

Schlumberger Trading Up 1.0 %

Shares of NYSE:SLB traded up $0.40 during mid-day trading on Thursday, reaching $42.58. 9,998,996 shares of the company's stock were exchanged, compared to its average volume of 14,171,571. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 10.11 and a beta of 1.51. The business's fifty day moving average price is $40.14 and its 200-day moving average price is $41.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion for 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%. Schlumberger's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, research analysts predict 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. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is 36.66%.

Insider Transactions at Schlumberger

In related news, insider Dianne B. Ralston sold 43,161 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the transaction, the insider now owns 235,024 shares in the company, valued at $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $223,224.84. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 263,782 shares of company stock worth $11,442,229. Company insiders own 0.26% of the company's stock.

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.