Schlumberger Limited (NYSE:SLB) Shares Acquired by F M Investments LLC

F M Investments LLC increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,223 shares of the oil and gas company's stock after purchasing an additional 10,192 shares during the quarter. F M Investments LLC's holdings in Schlumberger were worth $4,341,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in Schlumberger during the fourth quarter worth about $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger in the 4th quarter valued at $32,000. Golden State Wealth Management LLC purchased a new position in shares of Schlumberger during the fourth quarter worth approximately $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $38,000. Finally, Bogart Wealth LLC boosted its stake in Schlumberger by 468.9% in the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Insider Activity at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the transaction, the executive vice president now owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is owned by corporate insiders.

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Schlumberger Stock Up 2.0 %

Shares of NYSE:SLB traded up $0.66 during midday trading on Wednesday, reaching $34.42. The company had a trading volume of 4,035,072 shares, compared to its average volume of 12,980,079. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock's fifty day moving average price is $39.72 and its 200-day moving average price is $40.92. Schlumberger Limited has a one year low of $31.11 and a one year high of $51.96. The stock has a market capitalization of $46.81 billion, a P/E ratio of 11.07, a PEG ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. Equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were given 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 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Wednesday, February 5th. Schlumberger's payout ratio is presently 36.66%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Susquehanna cut their target price on Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Monday. Barclays dropped their price target on Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus reduced their price target on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $54.15.

Schlumberger Company 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.