Miller Financial Services LLC Makes New $375,000 Investment in Schlumberger Limited (NYSE:SLB)

Miller Financial Services LLC purchased a new position in Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,790 shares of the oil and gas company's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLB. Equitable Trust Co. increased its stake in shares of Schlumberger by 33.7% in the third quarter. Equitable Trust Co. now owns 10,830 shares of the oil and gas company's stock worth $454,000 after buying an additional 2,727 shares during the last quarter. Essex Savings Bank increased its stake in shares of Schlumberger by 18.8% in the third quarter. Essex Savings Bank now owns 5,753 shares of the oil and gas company's stock worth $241,000 after buying an additional 910 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Schlumberger by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 60,405 shares of the oil and gas company's stock worth $2,534,000 after buying an additional 550 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Schlumberger by 26.0% in the third quarter. Los Angeles Capital Management LLC now owns 307,040 shares of the oil and gas company's stock worth $12,880,000 after purchasing an additional 63,413 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in Schlumberger in the third quarter worth $37,000. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Performance

Shares of NYSE SLB traded down $0.13 during midday trading on Thursday, reaching $39.92. 13,907,238 shares of the company traded hands, compared to its average volume of 14,482,238. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The stock has a 50-day moving average price of $40.90 and a 200 day moving average price of $41.55. 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 company has a market cap of $54.28 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 10.10 and a beta of 1.47.

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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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. 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 previous year, the business earned $0.86 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Schlumberger Limited will post 3.38 earnings per share 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. The ex-dividend date is Wednesday, February 5th. 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%. Schlumberger's payout ratio is 36.66%.

Analysts Set New Price Targets

A number of research firms have commented on SLB. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Atb Cap Markets downgraded shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. TD Cowen lifted their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Finally, Jefferies Financial Group decreased their price objective on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Insiders Place Their Bets

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by corporate 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.