Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Schlumberger Limited (NYSE:SLB)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Schlumberger Limited (NYSE:SLB - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,343,805 shares of the oil and gas company's stock after acquiring an additional 144,031 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Schlumberger worth $90,447,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional grew its stake in shares of Schlumberger by 2.4% in the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after acquiring an additional 244 shares during the last quarter. TCW Group Inc. boosted its stake in Schlumberger by 1.3% in the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after purchasing an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Schlumberger by 0.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after purchasing an additional 262 shares during the last quarter. Cromwell Holdings LLC increased its stake in Schlumberger by 7.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after purchasing an additional 283 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Schlumberger by 2.0% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after buying an additional 293 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

SLB has been the subject of several analyst reports. Jefferies Financial Group reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday. TD Cowen upped 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 reduced their price objective on Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Monday. Stifel Nicolaus lowered their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.69.

Insider Activity

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, VP Ugo Prechner sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the sale, the vice president now directly owns 11,240 shares of the company's stock, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by insiders.

Schlumberger Price Performance

Shares of Schlumberger stock traded up $0.04 on Monday, hitting $41.92. 6,155,494 shares of the company traded hands, compared to its average volume of 12,165,253. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The business has a 50-day simple moving average of $41.29 and a 200 day simple moving average of $41.47. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65. The stock has a market capitalization of $57.01 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last released 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 net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business's revenue was up 3.3% on a year-over-year basis. Research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 2.72%. 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 dividend payout ratio is 36.66%.

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.