Schlumberger Limited (NYSE:SLB) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 790,906 shares of the oil and gas company's stock after purchasing an additional 25,547 shares during the quarter. LPL Financial LLC owned about 0.06% of Schlumberger worth $30,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SLB. YANKCOM Partnership purchased a new stake in Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the fourth quarter valued at about $32,000. Golden State Wealth Management LLC bought a new stake in shares of Schlumberger in the 4th quarter valued at about $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger in the 4th quarter worth approximately $38,000. Finally, Bogart Wealth LLC raised its stake in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 844 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Schlumberger Stock Performance

Shares of SLB traded down $2.86 during mid-day trading on Thursday, reaching $39.33. The company had a trading volume of 9,820,570 shares, compared to its average volume of 15,271,219. The stock has a 50 day moving average of $41.23 and a two-hundred day moving average of $41.50. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $53.48 billion, a P/E ratio of 12.65, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.65.

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Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 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 company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the company earned $0.86 earnings per share. Schlumberger's quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current 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 issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.90%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.

Analyst Ratings Changes

SLB has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Citigroup boosted their target price on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Jefferies Financial Group lowered their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Finally, Atb Cap Markets downgraded shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Schlumberger has an average rating of "Moderate Buy" and a consensus price target of $55.69.

Insider Activity

In other news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 29th. The stock was 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 directly owns 210,502 shares of the company's stock, valued at $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dianne B. Ralston sold 43,161 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the transaction, the insider now owns 235,024 shares in the company, valued at $10,331,655.04. The trade was a 15.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 315,905 shares of company stock worth $13,609,283 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

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.