Groupama Asset Managment Buys Shares of 665,218 Schlumberger Limited (NYSE:SLB)

Groupama Asset Managment bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 665,218 shares of the oil and gas company's stock, valued at approximately $25,152,000.

A number of other large investors have also recently bought and sold shares of SLB. YANKCOM Partnership acquired a new stake in Schlumberger during the 4th quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger during the fourth quarter valued at $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger in the fourth quarter valued at $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger during the 4th quarter worth about $38,000. Finally, Bogart Wealth LLC raised its stake in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after buying an additional 844 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Price Performance

NYSE SLB traded up $0.03 during mid-day trading on Wednesday, hitting $42.23. The stock had a trading volume of 16,496,123 shares, compared to its average volume of 12,220,085. The firm's 50 day moving average is $41.23 and its 200 day moving average is $41.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 13.58, a PEG 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 $55.65.

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Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results 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. The business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. Equities research 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. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's payout ratio is currently 36.66%.

Analysts Set New Price Targets

SLB has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a report on Tuesday, January 21st. TD Cowen increased their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and a consensus target price of $55.69.

Insider Activity

In other news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares of the company's stock, valued at $496,808. This represents a 38.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock worth $13,609,283 over the last ninety days. 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.