Capital Advisors Inc. OK Grows Stock Holdings in Schlumberger Limited (NYSE:SLB)

Capital Advisors Inc. OK boosted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 658,409 shares of the oil and gas company's stock after purchasing an additional 17,634 shares during the period. Capital Advisors Inc. OK's holdings in Schlumberger were worth $25,243,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in shares of Schlumberger by 12,289.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after acquiring an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Schlumberger by 20.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock worth $470,425,000 after acquiring an additional 1,916,851 shares during the last quarter. Scharf Investments LLC purchased a new position in shares of Schlumberger during the 4th quarter worth $52,607,000. Weiss Asset Management LP purchased a new position in shares of Schlumberger during the 3rd quarter worth $37,322,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Schlumberger during the 4th quarter worth $25,481,000. Institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of several analyst reports. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Royal Bank of Canada restated an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their target price on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Finally, Citigroup lifted their target price 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. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and an average price target of $55.81.

Schlumberger Price Performance

Shares of Schlumberger stock traded down $0.34 during trading hours on Friday, reaching $41.75. The company's stock had a trading volume of 12,223,889 shares, compared to its average volume of 15,414,117. The firm has a 50 day moving average price of $40.08 and a 200-day moving average price of $42.05. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock has a market cap of $58.48 billion, a P/E ratio of 13.42, a P/E/G ratio of 9.49 and a beta of 1.51.

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, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for 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 firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.73%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio is presently 36.66%.

Insider Activity at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 263,782 shares of company stock worth $11,442,229. 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.