Loudon Investment Management LLC Acquires 36,229 Shares of Schlumberger Limited (NYSE:SLB)

Loudon Investment Management LLC raised its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 749.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,064 shares of the oil and gas company's stock after purchasing an additional 36,229 shares during the quarter. Loudon Investment Management LLC's holdings in Schlumberger were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palogic Value Management L.P. raised its position in Schlumberger by 10.3% during the fourth quarter. Palogic Value Management L.P. now owns 33,442 shares of the oil and gas company's stock valued at $1,282,000 after purchasing an additional 3,111 shares in the last quarter. Holderness Investments Co. raised its holdings in shares of Schlumberger by 4.5% during the 4th quarter. Holderness Investments Co. now owns 13,018 shares of the oil and gas company's stock valued at $499,000 after buying an additional 556 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Schlumberger by 45.8% during the 4th quarter. iA Global Asset Management Inc. now owns 67,773 shares of the oil and gas company's stock valued at $2,598,000 after buying an additional 21,297 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in Schlumberger by 5.3% in the 4th quarter. Royal London Asset Management Ltd. now owns 631,564 shares of the oil and gas company's stock worth $24,214,000 after buying an additional 31,971 shares during the last quarter. Finally, Decagon Asset Management LLP purchased a new stake in Schlumberger in the fourth quarter worth approximately $14,123,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

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Wall Street Analysts Forecast Growth

SLB has been the topic of several research reports. Piper Sandler assumed coverage on shares of Schlumberger in a research note on Thursday, December 19th. They set a "neutral" rating and a $47.00 price target on the stock. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Finally, Wells Fargo & Company dropped their target price on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price of $55.81.

Insider Buying and Selling at Schlumberger

In other news, 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 $8,140,160.34. The trade was a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the company's 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 290,772 shares of company stock valued at $12,546,660. Corporate insiders own 0.26% of the company's stock.

Schlumberger Trading Up 1.4 %

Shares of NYSE SLB traded up $0.60 during midday trading on Tuesday, hitting $42.30. 12,757,380 shares of the company traded hands, compared to its average volume of 11,715,682. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock has a 50-day moving average price of $41.22 and a 200 day moving average price of $41.41. The firm has a market cap of $57.52 billion, a P/E ratio of 13.60, a P/E/G ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last announced 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. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, 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. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is 36.66%.

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.