English Capital Management LLC Increases Position in Schlumberger Limited (NYSE:SLB)

English Capital Management LLC boosted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,106 shares of the oil and gas company's stock after buying an additional 10,000 shares during the quarter. Schlumberger accounts for approximately 2.9% of English Capital Management LLC's holdings, making the stock its 19th biggest position. English Capital Management LLC's holdings in Schlumberger were worth $3,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Prospera Private Wealth LLC bought a new stake in shares of Schlumberger in the third quarter worth $29,000. YANKCOM Partnership purchased a new position in shares of Schlumberger in the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger in the fourth quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the fourth quarter valued at approximately $34,000. Finally, Hager Investment Management Services LLC purchased a new stake in Schlumberger during the fourth quarter valued at approximately $38,000. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

SLB has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. TD Cowen boosted their price target on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Barclays decreased their price objective on Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Finally, BMO Capital Markets decreased their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.69.

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Schlumberger Price Performance

NYSE SLB traded down $0.28 during trading on Thursday, hitting $42.14. 23,866,917 shares of the stock traded hands, compared to its average volume of 11,819,985. The company has a market capitalization of $57.31 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The firm has a 50-day simple moving average of $41.32 and a 200-day simple moving average of $41.43. 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 posted its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the firm posted $0.86 earnings per share. Schlumberger'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 year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.71%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio is currently 36.66%.

Insider Activity at Schlumberger

In related news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now owns 53,584 shares in the company, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their position. The transaction was disclosed in a filing 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 290,772 shares of company stock valued at $12,546,660. Insiders own 0.26% of the company's stock.

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.