Schlumberger Limited (NYSE:SLB) Shares Purchased by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,391 shares of the oil and gas company's stock after buying an additional 11,197 shares during the quarter. Schlumberger makes up 0.7% of Mraz Amerine & Associates Inc.'s investment portfolio, making the stock its 21st largest position. Mraz Amerine & Associates Inc.'s holdings in Schlumberger were worth $3,657,000 at the end of the most recent quarter.

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

Schlumberger Stock Down 2.1 %

Shares of Schlumberger stock traded down $0.87 during trading hours on Friday, hitting $41.73. 13,669,641 shares of the company's stock traded hands, compared to its average volume of 14,156,785. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The company has a market cap of $58.45 billion, a PE ratio of 13.42, a PEG ratio of 10.00 and a beta of 1.51. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $40.20 and a 200-day simple moving average of $41.91.

Schlumberger (NYSE:SLB - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. Schlumberger's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is 36.66%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SLB shares. Atb Cap Markets lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI reaffirmed 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a report on Tuesday, January 21st. Six research 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, Schlumberger currently has a consensus rating of "Moderate Buy" and an average target price of $55.81.

Insider Activity at Schlumberger

In other news, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock valued at $11,442,229 over the last ninety days. Corporate insiders own 0.26% of the company's stock.

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.