Cambiar Investors LLC Makes New $8.59 Million Investment in Schlumberger Limited (NYSE:SLB)

Cambiar Investors LLC bought a new stake in Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 224,019 shares of the oil and gas company's stock, valued at approximately $8,589,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLB. ORG Partners LLC increased its stake in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock valued at $25,000 after buying an additional 484 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Schlumberger in the third quarter valued at $29,000. YANKCOM Partnership acquired a new stake in shares of Schlumberger in the fourth quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Schlumberger in the third quarter worth about $37,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SLB shares. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Citigroup lifted their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded Schlumberger to a "strong-buy" rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.81.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 263,782 shares of company stock worth $11,442,229. Corporate insiders own 0.26% of the company's stock.

Schlumberger Stock Down 0.8 %

Shares of NYSE:SLB traded down $0.34 during trading on Friday, hitting $41.75. 12,223,889 shares of the company's stock traded hands, compared to its average volume of 14,353,111. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market cap of $58.48 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.51. The company has a 50-day moving average price of $40.06 and a 200-day moving average price of $42.09.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $9.24 billion. During the same quarter in the previous year, the business posted $0.86 EPS. Schlumberger's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Schlumberger Limited will post 3.38 EPS 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 paid a $0.285 dividend. This is a boost 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 2.73%. Schlumberger's payout ratio is presently 36.66%.

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.