CWA Asset Management Group LLC Boosts Stake in Schlumberger Limited (NYSE:SLB)

CWA Asset Management Group LLC grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,075 shares of the oil and gas company's stock after purchasing an additional 70,296 shares during the period. CWA Asset Management Group LLC's holdings in Schlumberger were worth $7,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Schlumberger by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 1,767,647 shares of the oil and gas company's stock worth $67,772,000 after buying an additional 118,074 shares in the last quarter. Modus Advisors LLC purchased a new stake in Schlumberger during the fourth quarter worth about $50,000. Versant Capital Management Inc raised its holdings in shares of Schlumberger by 98.9% in the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the oil and gas company's stock worth $57,000 after purchasing an additional 745 shares during the period. Principal Financial Group Inc. lifted its position in shares of Schlumberger by 8.0% during the 3rd quarter. Principal Financial Group Inc. now owns 4,487,067 shares of the oil and gas company's stock valued at $188,232,000 after buying an additional 332,500 shares during the last quarter. Finally, Syntax Research Inc. purchased a new stake in Schlumberger in the 3rd quarter worth about $3,491,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. This represents a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Schlumberger Stock Up 0.3 %

SLB stock traded up $0.13 on Monday, reaching $38.72. 8,361,771 shares of the company traded hands, compared to its average volume of 10,077,896. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12. The firm has a fifty day simple moving average of $41.07 and a 200-day simple moving average of $43.27. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company has a market cap of $54.68 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Research analysts anticipate that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.84%. Schlumberger's payout ratio is 35.37%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SLB. Dbs Bank began coverage on Schlumberger in a research report on Wednesday, September 18th. They set a "buy" rating and a $64.50 target price on the stock. Susquehanna decreased their price target on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Schlumberger in a research note on Thursday, October 3rd. Finally, UBS Group cut their price target on shares of Schlumberger from $63.00 to $57.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.25.

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.