Schlumberger Limited (NYSE:SLB) Shares Bought by Savant Capital LLC

Savant Capital LLC grew its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,930 shares of the oil and gas company's stock after purchasing an additional 18,534 shares during the quarter. Savant Capital LLC's holdings in Schlumberger were worth $2,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after acquiring an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Schlumberger by 20.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock worth $470,425,000 after acquiring an additional 1,916,851 shares during the last quarter. Scharf Investments LLC purchased a new position in Schlumberger in the fourth quarter worth approximately $52,607,000. Weiss Asset Management LP purchased a new stake in shares of Schlumberger during the 3rd quarter worth approximately $37,322,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Schlumberger in the 4th quarter valued at $25,481,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

SLB has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Stifel Nicolaus dropped their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Finally, Citigroup boosted their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.81.

Insider Buying and Selling at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares of the company's stock, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ugo Prechner sold 7,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares of the company's stock, valued at approximately $496,808. This represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 263,782 shares of company stock worth $11,442,229. Corporate insiders own 0.26% of the company's stock.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $0.34 on Friday, reaching $41.75. 12,223,889 shares of the company were exchanged, compared to its average volume of 15,414,117. 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 Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The firm has a market cap of $58.48 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.51. The company has a 50-day moving average of $40.08 and a 200-day moving average of $42.01.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $9.24 billion. During the same period in the previous 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. Equities analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

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