Charles Schwab Investment Management Inc. Has $316.11 Million Position in Schlumberger Limited (NYSE:SLB)

Charles Schwab Investment Management Inc. raised its position in Schlumberger Limited (NYSE:SLB - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,244,975 shares of the oil and gas company's stock after acquiring an additional 254,178 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of Schlumberger worth $316,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLB. State Street Corp lifted its stake in Schlumberger by 0.6% in the 3rd quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock valued at $3,808,476,000 after purchasing an additional 528,279 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Schlumberger by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock worth $1,195,290,000 after acquiring an additional 239,966 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 raised its stake in Schlumberger by 20.6% in 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 valued at $470,425,000 after acquiring an additional 1,916,851 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Schlumberger by 12.7% during the 4th quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company's stock valued at $310,696,000 after purchasing an additional 915,925 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

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Schlumberger Price Performance

NYSE SLB traded up $1.60 on Friday, hitting $41.36. 19,613,595 shares of the company's stock were exchanged, compared to its average volume of 14,443,572. The stock has a 50-day moving average of $40.73 and a 200-day moving average of $41.64. The stock has a market cap of $56.25 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 10.10 and a beta of 1.47. 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.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the company earned $0.86 EPS. Schlumberger's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business 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. The ex-dividend date is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.76%. Schlumberger's payout ratio is 36.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SLB. Evercore ISI reissued 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 raised shares of Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. TD Cowen boosted their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Jefferies Financial Group decreased their target price on Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Insider Buying and Selling

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction dated 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 sale, the insider now owns 53,584 shares in the company, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ugo Prechner sold 7,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the sale, the vice president now owns 11,240 shares of the company's stock, valued at approximately $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 in the last three months. 0.26% of the stock is owned by corporate 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.