Mission Creek Capital Partners Inc. Has $3.39 Million Position in Schlumberger Limited (NYSE:SLB)

Mission Creek Capital Partners Inc. raised its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,456 shares of the oil and gas company's stock after purchasing an additional 12,935 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in Schlumberger were worth $3,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. YANKCOM Partnership acquired a new stake in shares of Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC acquired a new stake in Schlumberger during the 4th quarter worth approximately $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger during the 4th quarter worth approximately $38,000. Finally, Bogart Wealth LLC lifted its holdings in 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 purchasing an additional 844 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SLB. Barclays dropped their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday. Susquehanna dropped their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday. BMO Capital Markets dropped their price objective on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday. Finally, Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Five investment 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 company. Based on data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $53.32.

Schlumberger Price Performance

SLB stock remained flat at $34.10 during midday trading on Tuesday. The company had a trading volume of 14,629,626 shares, compared to its average volume of 13,233,811. The company has a market cap of $46.37 billion, a PE ratio of 10.96, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. 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 firm has a 50 day moving average of $38.28 and a two-hundred day moving average of $40.24.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.34%. Schlumberger's payout ratio is 38.64%.

Insiders Place Their Bets

In other news, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. The trade was a 44.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares of the company's stock, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,647 shares of company stock worth $4,876,679. 0.26% of the stock is currently owned by 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.