Level Four Advisory Services LLC Takes $246,000 Position in Schlumberger Limited (NYSE:SLB)

Level Four Advisory Services LLC acquired a new stake in Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,416 shares of the oil and gas company's stock, valued at approximately $246,000.

Several other hedge funds also recently bought and sold shares of SLB. YANKCOM Partnership purchased a new position in shares of Schlumberger during the 4th quarter valued at about $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Schlumberger in the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger during the 4th quarter valued at $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at about $38,000. Finally, Bogart Wealth LLC grew its holdings 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 worth $39,000 after acquiring an additional 844 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $4.45 during mid-day trading on Friday, reaching $34.77. The stock had a trading volume of 49,170,861 shares, compared to its average volume of 12,487,331. The business's 50 day moving average price is $41.02 and its 200 day moving average price is $41.45. Schlumberger Limited has a 1 year low of $34.04 and a 1 year high of $55.65. The company has a market cap of $47.28 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. 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 (NYSE:SLB - Get Free Report) last issued its quarterly earnings data 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. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. During the same period in the prior year, the firm earned $0.86 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 3.28%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is 36.66%.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of analyst reports. TD Cowen raised their price objective on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Jefferies Financial Group decreased their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Wells Fargo & Company lowered their target price on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. Piper Sandler began coverage on shares of Schlumberger in a research note on Thursday, December 19th. They set a "neutral" rating and a $47.00 price target on the stock. Finally, Evercore ISI restated an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.79.

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 sale, the executive vice president now directly owns 184,626 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. This represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 315,905 shares of company stock worth $13,609,283 in the last three months. Insiders own 0.26% of the company's stock.

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.