Flagship Harbor Advisors LLC Purchases 7,990 Shares of Schlumberger Limited (NYSE:SLB)

Flagship Harbor Advisors LLC grew its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 89.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,892 shares of the oil and gas company's stock after purchasing an additional 7,990 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Schlumberger were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. ORG Partners LLC grew its holdings in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 484 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Schlumberger in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Schlumberger during the 3rd quarter valued at $37,000. DiNuzzo Private Wealth Inc. increased its position in shares of Schlumberger by 1,068.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP bought a new stake in shares of Schlumberger during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction dated 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 transaction, the director now owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,258 shares of company stock valued at $11,219,004. Insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Susquehanna lowered their price target on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Stifel Nicolaus reduced their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Wells Fargo & Company lowered their price target on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Finally, Barclays dropped their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus price target of $55.81.

Schlumberger Stock Down 1.5 %

NYSE:SLB traded down $0.60 during mid-day trading on Friday, hitting $40.42. 8,610,693 shares of the company's stock were exchanged, compared to its average volume of 15,044,203. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The business has a fifty day moving average price of $40.58 and a 200 day moving average price of $42.63. The company has a market cap of $56.62 billion, a PE ratio of 13.00, a P/E/G ratio of 9.70 and a beta of 1.52. 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 quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (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 business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed 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. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is currently 35.37%.

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.