DMC Group LLC Acquires 13,907 Shares of Schlumberger Limited (NYSE:SLB)

DMC Group LLC raised its position in Schlumberger Limited (NYSE:SLB - Free Report) by 219.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,235 shares of the oil and gas company's stock after buying an additional 13,907 shares during the quarter. DMC Group LLC's holdings in Schlumberger were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its stake in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after buying an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Schlumberger by 20.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock valued at $470,425,000 after acquiring an additional 1,916,851 shares in the last quarter. Weiss Asset Management LP acquired a new position in Schlumberger in the 3rd quarter worth about $37,322,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Schlumberger in the fourth quarter valued at about $25,481,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Schlumberger by 395.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 778,938 shares of the oil and gas company's stock valued at $32,676,000 after purchasing an additional 621,809 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Performance

Schlumberger stock traded up $0.09 during trading on Thursday, hitting $41.03. The stock had a trading volume of 10,163,764 shares, compared to its average volume of 15,394,012. 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 stock's 50 day moving average is $40.64 and its two-hundred day moving average is $42.65. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The stock has a market cap of $57.93 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 9.98 and a beta of 1.52.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company 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 firm'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 EPS. As a group, analysts predict that Schlumberger Limited will post 3.34 EPS for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.78%. Schlumberger's payout ratio is 35.37%.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction dated Wednesday, January 29th. The stock was 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 in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The stock was 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 owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,258 shares of company stock valued at $11,219,004. Corporate insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SLB. JPMorgan Chase & Co. raised their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. TD Cowen lifted their target price on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Griffin Securities downgraded Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Bank of America reduced their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.