Sei Investments Co. Grows Position in Schlumberger Limited (NYSE:SLB)

Sei Investments Co. lifted its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,424 shares of the oil and gas company's stock after buying an additional 83,658 shares during the quarter. Sei Investments Co.'s holdings in Schlumberger were worth $22,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Schlumberger by 0.5% in the fourth quarter. American Century Companies Inc. now owns 6,506,811 shares of the oil and gas company's stock valued at $249,471,000 after purchasing an additional 31,688 shares during the last quarter. Mizuho Securities USA LLC increased its stake in Schlumberger by 45.4% during the 4th quarter. Mizuho Securities USA LLC now owns 133,840 shares of the oil and gas company's stock worth $5,131,000 after acquiring an additional 41,761 shares during the period. Virtu Financial LLC bought a new stake in Schlumberger during the fourth quarter worth about $1,443,000. Quantbot Technologies LP bought a new position in Schlumberger in the fourth quarter valued at approximately $8,130,000. Finally, Sciencast Management LP acquired a new stake in Schlumberger in the fourth quarter valued at about $316,000. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Down 0.6 %

NYSE SLB traded down $0.24 during trading on Friday, hitting $41.87. The company's stock had a trading volume of 12,887,648 shares, compared to its average volume of 12,188,001. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.65. The company has a market cap of $56.93 billion, a PE ratio of 13.46, a P/E/G ratio of 10.10 and a beta of 1.47. The business's 50 day simple moving average is $41.29 and its 200-day simple moving average is $41.46.

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Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm 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%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, equities analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is presently 36.66%.

Insider Buying and Selling at Schlumberger

In other news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now directly 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 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. 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 research report on Tuesday, December 17th. 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 report on Thursday. Stifel Nicolaus reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Monday, December 23rd. BMO Capital Markets dropped their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Six 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.69.

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.