Schlumberger Limited (NYSE:SLB) Shares Acquired by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lifted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 455,664 shares of the oil and gas company's stock after buying an additional 16,274 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Schlumberger were worth $17,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CX Institutional grew its stake in Schlumberger by 2.4% in the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after purchasing an additional 244 shares during the last quarter. GM Advisory Group LLC grew its position in shares of Schlumberger by 3.8% in the 3rd quarter. GM Advisory Group LLC now owns 6,701 shares of the oil and gas company's stock worth $281,000 after buying an additional 247 shares during the last quarter. TCW Group Inc. raised its stake in shares of Schlumberger by 1.3% during the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after acquiring an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Schlumberger by 0.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock worth $2,174,000 after acquiring an additional 262 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its stake in Schlumberger by 7.0% in the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

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Analyst Upgrades and Downgrades

SLB has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Royal Bank of Canada restated an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $55.81.

Schlumberger Stock Performance

Shares of SLB stock traded up $0.39 on Wednesday, hitting $39.47. The company had a trading volume of 13,617,500 shares, compared to its average volume of 14,369,347. The firm has a market cap of $53.67 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The company has a 50-day moving average price of $40.59 and a 200-day moving average price of $41.72. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal 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 given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.89%. The ex-dividend date 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 currently 36.66%.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 43,161 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the completion of the transaction, the insider now directly owns 235,024 shares of the company's stock, valued at $10,331,655.04. This represents a 15.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ugo Prechner sold 7,000 shares of the business's 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 completion of the sale, the vice president now directly owns 11,240 shares of the company's stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 290,772 shares of company stock valued at $12,546,660. Corporate insiders own 0.26% of the company's stock.

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.