44,920 Shares in Schlumberger Limited (NYSE:SLB) Purchased by BigSur Wealth Management LLC

BigSur Wealth Management LLC bought a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 44,920 shares of the oil and gas company's stock, valued at approximately $1,722,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Community Bank of Raymore purchased a new stake in shares of Schlumberger during the fourth quarter worth approximately $246,000. Diversify Advisory Services LLC boosted its holdings in shares of Schlumberger by 13.3% in the fourth quarter. Diversify Advisory Services LLC now owns 11,274 shares of the oil and gas company's stock valued at $435,000 after acquiring an additional 1,327 shares in the last quarter. Guardian Investment Management acquired a new position in shares of Schlumberger during the fourth quarter worth about $1,215,000. Grove Bank & Trust raised its holdings in Schlumberger by 24.6% during the fourth quarter. Grove Bank & Trust now owns 1,887 shares of the oil and gas company's stock worth $72,000 after purchasing an additional 373 shares in the last quarter. Finally, Romano Brothers AND Company lifted its position in Schlumberger by 22.7% in the fourth quarter. Romano Brothers AND Company now owns 75,750 shares of the oil and gas company's stock valued at $2,904,000 after purchasing an additional 14,025 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares of the company's stock, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SLB shares. TD Cowen dropped their price objective on Schlumberger from $65.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Jefferies Financial Group reduced their price target on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.03.

Schlumberger Stock Up 6.1 %

Shares of SLB traded up $2.49 during mid-day trading on Monday, reaching $43.58. 30,717,717 shares of the stock traded hands, compared to its average volume of 10,770,376. The firm has a market cap of $61.54 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.52. The stock has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $42.84. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9,241,140 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Sell-side analysts expect that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.62%. 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 dividend payout ratio (DPR) is 35.37%.

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.