Consilium Wealth Advisory LLC Boosts Stock Position in Schlumberger Limited (NYSE:SLB)

Consilium Wealth Advisory LLC raised its position in Schlumberger Limited (NYSE:SLB - Free Report) by 60.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,132 shares of the oil and gas company's stock after purchasing an additional 9,830 shares during the period. Consilium Wealth Advisory LLC's holdings in Schlumberger were worth $1,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SLB. State Street Corp boosted its holdings in shares of Schlumberger by 0.6% during 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 buying an additional 528,279 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Schlumberger by 0.8% in 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 purchasing an additional 239,966 shares during the period. Pacer Advisors Inc. grew its position 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 valued at $500,082,000 after acquiring an additional 12,938,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Schlumberger by 20.6% in the third 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 buying an additional 1,916,851 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Schlumberger by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company's stock worth $310,696,000 after purchasing an additional 915,925 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages have recently issued reports on SLB. BMO Capital Markets reduced their target price on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Barclays cut their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. Sanford C. Bernstein upgraded Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Citigroup increased their price objective 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. Finally, Wells Fargo & Company cut their price objective on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Schlumberger Stock Down 4.4 %

Shares of SLB traded down $1.85 during mid-day trading on Monday, reaching $39.81. The company's stock had a trading volume of 18,375,561 shares, compared to its average volume of 14,290,323. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a market cap of $54.14 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 10.10 and a beta of 1.51. The business has a fifty day moving average of $40.51 and a 200 day moving average of $41.80. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69.

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, 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 company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the business posted $0.86 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business 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 positive change 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 2.86%. Schlumberger's dividend payout ratio is presently 36.66%.

Insider Buying and Selling

In other news, 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 value of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is owned by company 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.