Osborne Partners Capital Management LLC Purchases 6,889 Shares of Schlumberger Limited (NYSE:SLB)

Osborne Partners Capital Management LLC lifted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,414 shares of the oil and gas company's stock after acquiring an additional 6,889 shares during the quarter. Osborne Partners Capital Management LLC's holdings in Schlumberger were worth $8,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SLB. ORG Partners LLC lifted its holdings in Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock worth $25,000 after buying an additional 484 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Schlumberger during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in Schlumberger during the 3rd quarter worth $37,000. DiNuzzo Private Wealth Inc. lifted its holdings in 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 worth $40,000 after buying an additional 876 shares in the last quarter. Finally, J. Stern & Co. LLP bought a new stake in shares of Schlumberger during the 3rd quarter valued at $47,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In other news, VP Ugo Prechner sold 7,000 shares of the 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 transaction, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock worth $11,442,229 in the last three months. Insiders own 0.26% of the company's stock.

Schlumberger Stock Down 2.0 %

SLB stock traded down $0.81 during trading hours on Friday, reaching $40.21. 13,101,326 shares of the stock were exchanged, compared to its average volume of 14,117,565. The firm's 50-day moving average is $40.49 and its 200-day moving average is $42.54. The company has a market cap of $56.32 billion, a price-to-earnings ratio of 12.93, a PEG 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 Limited has a 12 month low of $36.52 and a 12 month high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping 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 company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the business posted $0.86 EPS. The company's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.84%. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio is currently 35.37%.

Wall Street Analyst Weigh In

Several analysts have commented on SLB shares. Royal Bank of Canada reiterated an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. BMO Capital Markets dropped their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Bank of America dropped their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Finally, Susquehanna dropped their target price on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.81.

About Schlumberger

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.