Pictet Asset Management Holding SA Buys 20,392 Shares of Schlumberger Limited (NYSE:SLB)

Pictet Asset Management Holding SA raised its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,142,540 shares of the oil and gas company's stock after buying an additional 20,392 shares during the period. Pictet Asset Management Holding SA owned about 0.08% of Schlumberger worth $43,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in shares of Schlumberger in the fourth quarter valued at approximately $5,065,000. Providence Capital Advisors LLC boosted its holdings in Schlumberger by 0.6% during the fourth quarter. Providence Capital Advisors LLC now owns 179,707 shares of the oil and gas company's stock worth $6,890,000 after purchasing an additional 1,014 shares during the last quarter. Norges Bank bought a new stake in Schlumberger in the 4th quarter worth about $735,398,000. Loomis Sayles & Co. L P increased its stake in Schlumberger by 47.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,993 shares of the oil and gas company's stock valued at $76,000 after buying an additional 643 shares during the last quarter. Finally, NEOS Investment Management LLC boosted its stake in shares of Schlumberger by 31.6% in the 4th quarter. NEOS Investment Management LLC now owns 87,694 shares of the oil and gas company's stock worth $3,362,000 after buying an additional 21,054 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares of the company's stock, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on SLB. TD Cowen lifted their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Evercore ISI restated 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. Barclays decreased their target price on Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Monday. BMO Capital Markets reduced their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price of $55.69.

Schlumberger Price Performance

Shares of SLB stock traded up $0.03 during trading on Wednesday, hitting $42.23. The company had a trading volume of 16,496,123 shares, compared to its average volume of 12,245,134. The stock's 50-day moving average is $41.22 and its two-hundred day moving average is $41.50. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65.

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, topping 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 firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.70%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is 36.66%.

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.