Dana Investment Advisors Inc. raised its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 201.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,023 shares of the oil and gas company's stock after buying an additional 134,445 shares during the quarter. Dana Investment Advisors Inc.'s holdings in Schlumberger were worth $7,707,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP boosted its position in shares of Schlumberger by 214.5% during the 4th quarter. Aigen Investment Management LP now owns 91,040 shares of the oil and gas company's stock worth $3,490,000 after purchasing an additional 62,089 shares during the period. Proficio Capital Partners LLC acquired a new position in Schlumberger during the fourth quarter worth $209,000. Assetmark Inc. grew its stake in shares of Schlumberger by 14.6% in the fourth quarter. Assetmark Inc. now owns 43,785 shares of the oil and gas company's stock valued at $1,679,000 after buying an additional 5,572 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Schlumberger in the 4th quarter valued at $46,000. Finally, Victory Capital Management Inc. lifted its stake in Schlumberger by 63.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,335,250 shares of the oil and gas company's stock worth $51,193,000 after acquiring an additional 517,479 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on SLB shares. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a research note on Tuesday, November 12th. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Stifel Nicolaus cut their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 target price on shares of Schlumberger 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $55.81.
Read Our Latest Report on SLB
Schlumberger Stock Performance
Shares of Schlumberger stock traded up $1.60 on Friday, hitting $41.36. The stock had a trading volume of 19,613,595 shares, compared to its average volume of 14,443,572. The company's 50 day moving average price is $40.73 and its 200 day moving average price is $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. 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 Limited has a 52-week low of $36.52 and a 52-week high of $55.69.
Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.
Schlumberger Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.
Insider Buying and Selling at Schlumberger
In other news, VP Ugo Prechner sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the transaction, the vice president now owns 11,240 shares of the company's stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by company insiders.
Schlumberger Profile
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Free Report)
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.
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