Banco Bilbao Vizcaya Argentaria S.A. Acquires 122,821 Shares of Schlumberger Limited (NYSE:SLB)

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,155 shares of the oil and gas company's stock after buying an additional 122,821 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.06% of Schlumberger worth $34,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new stake in Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the 4th quarter worth $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger during the 4th quarter worth about $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger during the fourth quarter worth approximately $38,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Schlumberger by 468.9% in the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after buying an additional 844 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Stock Performance

Shares of SLB stock traded down $0.43 on Monday, hitting $34.09. 13,250,022 shares of the stock traded hands, compared to its average volume of 13,212,138. The company has a market capitalization of $46.36 billion, a PE ratio of 10.96, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company's fifty day moving average is $38.61 and its 200 day moving average is $40.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the business earned $0.75 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. On average, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.34%. Schlumberger's payout ratio is currently 38.64%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SLB shares. Royal Bank of Canada restated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Evercore ISI restated 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. Barclays decreased their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday. TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group 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 report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.50.

Insider Buying and Selling at Schlumberger

In related news, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was 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 represents a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the firm's 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 transaction, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. The trade was a 44.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,647 shares of company stock worth $4,876,679 over the last ninety days. 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.