Metis Global Partners LLC Acquires 11,809 Shares of Schlumberger Limited (NYSE:SLB)

Metis Global Partners LLC increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 15.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 90,715 shares of the oil and gas company's stock after buying an additional 11,809 shares during the period. Metis Global Partners LLC's holdings in Schlumberger were worth $3,478,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Prospera Private Wealth LLC bought a new position in Schlumberger during the 3rd quarter worth $29,000. YANKCOM Partnership acquired a new position in shares of Schlumberger in the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the fourth quarter worth about $32,000. Golden State Wealth Management LLC acquired a new stake in Schlumberger in the 4th quarter worth about $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in Schlumberger in the 3rd quarter valued at about $37,000. Institutional investors own 81.99% of the company's stock.

Insider Activity

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,772 shares of company stock valued at $12,546,660. Insiders own 0.26% of the company's stock.

Schlumberger Price Performance

Shares of NYSE SLB traded down $1.85 during mid-day trading on Monday, hitting $39.81. 18,376,338 shares of the stock traded hands, compared to its average volume of 14,291,622. The company has a market cap of $54.14 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. 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 firm has a 50 day simple moving average of $40.56 and a two-hundred day simple moving average of $41.76.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly 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. 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 last year, the firm posted $0.86 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a $0.285 dividend. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SLB shares. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Citigroup lifted their price objective on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Sanford C. Bernstein raised Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Finally, Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.81.

Schlumberger 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.