Sowell Financial Services LLC Has $879,000 Stake in Schlumberger Limited (NYSE:SLB)

Sowell Financial Services LLC increased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 45.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,935 shares of the oil and gas company's stock after acquiring an additional 7,156 shares during the quarter. Sowell Financial Services LLC's holdings in Schlumberger were worth $879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in shares of Schlumberger in the 3rd quarter valued at $29,000. YANKCOM Partnership bought a new stake in shares of Schlumberger in the fourth quarter worth about $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth about $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Schlumberger during the 3rd quarter valued at about $37,000. Institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLB. Griffin Securities downgraded shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. 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 report on Monday, December 23rd. Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Piper Sandler began coverage on Schlumberger in a report on Thursday, December 19th. They set a "neutral" rating and a $47.00 target price for the company. Finally, Evercore ISI restated an "in-line" rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $55.81.

Remove Ads

Insider Buying and Selling at Schlumberger

In related news, VP Ugo Prechner sold 7,000 shares of Schlumberger 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 completion of the sale, the vice president now owns 11,240 shares of the company's stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the completion of the transaction, the insider now directly owns 235,024 shares in the company, valued at approximately $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock worth $12,546,660 over the last ninety days. Insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Shares of SLB stock traded down $0.13 on Thursday, reaching $39.92. The stock had a trading volume of 13,907,238 shares, compared to its average volume of 14,482,238. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The firm has a market capitalization of $54.28 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 10.10 and a beta of 1.47. The firm's 50-day moving average is $40.90 and its two-hundred day moving average is $41.55. 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 (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.24 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.86%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's payout ratio is 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.