Sheaff Brock Investment Advisors LLC Acquires New Stake in Schlumberger Limited (NYSE:SLB)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,868 shares of the oil and gas company's stock, valued at approximately $647,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional increased its position in 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 purchasing an additional 244 shares during the last quarter. GM Advisory Group LLC increased its position in Schlumberger by 3.8% in the third quarter. GM Advisory Group LLC now owns 6,701 shares of the oil and gas company's stock worth $281,000 after purchasing an additional 247 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Schlumberger by 0.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock worth $2,174,000 after purchasing an additional 262 shares during the last quarter. Cordatus Wealth Management LLC increased its position in Schlumberger by 2.1% in the third quarter. Cordatus Wealth Management LLC now owns 13,383 shares of the oil and gas company's stock worth $561,000 after purchasing an additional 281 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in Schlumberger by 0.7% in the third quarter. OneDigital Investment Advisors LLC now owns 40,715 shares of the oil and gas company's stock worth $1,708,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the transaction, the executive vice president now owns 184,626 shares in the company, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 263,782 shares of company stock worth $11,442,229. Corporate insiders own 0.26% of the company's stock.

Schlumberger Stock Up 1.0 %

Shares of SLB traded up $0.40 during mid-day trading on Thursday, hitting $42.58. 9,998,996 shares of the company traded hands, compared to its average volume of 14,171,571. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The business has a 50 day moving average of $40.14 and a 200 day moving average of $41.92. The company has a market capitalization of $59.65 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 10.11 and a beta of 1.51.

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, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is currently 36.66%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. BMO Capital Markets dropped their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Atb Cap Markets lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Six research 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 company's stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus price target 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.