Schlumberger Limited (NYSE:SLB) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,258,919 shares of the oil and gas company's stock after purchasing an additional 740,127 shares during the period. Artisan Partners Limited Partnership owned 0.23% of Schlumberger worth $124,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger during the fourth quarter worth about $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger during the 4th quarter valued at about $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger in the 4th quarter valued at about $38,000. Finally, Bogart Wealth LLC boosted its holdings 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 during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Stock Up 0.1 %

Shares of NYSE SLB traded up $0.04 during midday trading on Monday, hitting $41.92. The company's stock had a trading volume of 6,155,494 shares, compared to its average volume of 12,165,253. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.65. The business's fifty day simple moving average is $41.29 and its two-hundred day simple moving average is $41.47. The firm has a market capitalization of $57.01 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.72%. Schlumberger's dividend payout ratio is 36.66%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SLB shares. Atb Cap Markets cut Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Barclays reduced their price target on Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Monday. Jefferies Financial Group reduced their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday. TD Cowen increased their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Six equities 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 company's stock. Based on data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average target price of $55.69.

Insider Activity

In other news, Director Vijay Kasibhatla sold 25,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the sale, the executive vice president now directly owns 210,502 shares of the company's stock, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by company insiders.

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.