Fisher Asset Management LLC Purchases 8,232 Shares of Schlumberger Limited (NYSE:SLB)

Fisher Asset Management LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,050 shares of the oil and gas company's stock after buying an additional 8,232 shares during the period. Fisher Asset Management LLC owned about 0.08% of Schlumberger worth $44,783,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SLB. Prospera Private Wealth LLC acquired a new position in Schlumberger during the 3rd quarter worth approximately $29,000. YANKCOM Partnership bought a new stake in shares of Schlumberger in the fourth quarter worth $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger during the fourth quarter worth $32,000. Ashton Thomas Securities LLC bought a new position in Schlumberger in the third quarter valued at $37,000. Finally, Golden State Wealth Management LLC acquired a new stake in Schlumberger in the 4th quarter valued at $34,000. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SLB shares. Evercore ISI restated an "in-line" rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Piper Sandler started coverage on Schlumberger in a research report on Thursday, December 19th. They set a "neutral" rating and a $47.00 price target for the company. Atb Cap Markets lowered Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Barclays cut their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.81.

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Insider Buying and Selling at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction that occurred on 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 directly owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock valued at $12,546,660 in the last quarter. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Shares of Schlumberger stock traded down $0.10 on Thursday, hitting $39.33. The stock had a trading volume of 5,770,551 shares, compared to its average volume of 14,158,591. The stock has a market cap of $53.49 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. 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 Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The business's 50 day moving average is $40.62 and its two-hundred day moving average is $41.70.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast 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 paid a $0.285 dividend. This is a boost 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 2.90%. Schlumberger's payout ratio is 36.66%.

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.