Schlumberger Limited (NYSE:SLB) Shares Acquired by Black Cypress Capital Management LLC

Black Cypress Capital Management LLC increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,215 shares of the oil and gas company's stock after buying an additional 22,688 shares during the period. Schlumberger comprises 5.9% of Black Cypress Capital Management LLC's portfolio, making the stock its 6th largest holding. Black Cypress Capital Management LLC's holdings in Schlumberger were worth $6,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLB. CX Institutional lifted its stake in Schlumberger by 2.4% in the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after buying an additional 244 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Schlumberger by 1.3% during the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after purchasing an additional 259 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Schlumberger by 0.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after purchasing an additional 262 shares during the last quarter. Cromwell Holdings LLC boosted its stake in Schlumberger by 7.0% in the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock worth $167,000 after buying an additional 283 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Schlumberger by 2.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock valued at $566,000 after buying an additional 293 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Citigroup boosted their target price on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.15.

Insiders Place Their Bets

In related news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the transaction, the insider now owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was 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 directly owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is owned by insiders.

Schlumberger Stock Performance

Shares of SLB traded up $1.17 during trading hours on Thursday, reaching $35.32. 7,217,474 shares of the company's stock traded hands, compared to its average volume of 13,003,638. The firm has a market capitalization of $48.04 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 10.10 and a beta of 1.11. The business's fifty day simple moving average is $39.60 and its two-hundred day simple moving average is $40.88. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $51.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results 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 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 analysts' expectations of $9.24 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.23%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.

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.