36,101 Shares in Schlumberger Limited (NYSE:SLB) Bought by Kerusso Capital Management LLC

Kerusso Capital Management LLC acquired a new position in Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,101 shares of the oil and gas company's stock, valued at approximately $1,384,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new position in Schlumberger in the fourth quarter worth $74,000. J.W. Cole Advisors Inc. boosted its position in Schlumberger by 56.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 22,317 shares of the oil and gas company's stock worth $856,000 after purchasing an additional 8,011 shares during the last quarter. Hourglass Capital LLC boosted its position in Schlumberger by 22.1% in the fourth quarter. Hourglass Capital LLC now owns 219,345 shares of the oil and gas company's stock worth $8,410,000 after purchasing an additional 39,675 shares during the last quarter. VeraBank N.A. boosted its position in Schlumberger by 7.5% in the fourth quarter. VeraBank N.A. now owns 7,957 shares of the oil and gas company's stock worth $305,000 after purchasing an additional 557 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in Schlumberger in the fourth quarter worth $647,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SLB. Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. Atb Cap Markets cut Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, Sanford C. Bernstein raised Schlumberger to a "strong-buy" rating in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Schlumberger Trading Up 1.0 %

SLB traded up $0.40 on Thursday, hitting $42.58. 9,998,996 shares of the company were exchanged, compared to its average volume of 14,171,571. The firm has a fifty day simple moving average of $40.14 and a two-hundred day simple moving average of $41.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The stock has a market capitalization of $59.65 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 10.11 and a beta of 1.51.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. Sell-side analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a $0.285 dividend. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

Insider Transactions at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 184,626 shares in the company, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 263,782 shares of company stock worth $11,442,229. 0.26% of the stock is currently owned by insiders.

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.