SRS Capital Advisors Inc. Increases Position in Schlumberger Limited (NYSE:SLB)

SRS Capital Advisors Inc. boosted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 462.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,175 shares of the oil and gas company's stock after buying an additional 6,722 shares during the period. SRS Capital Advisors Inc.'s holdings in Schlumberger were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clifford Swan Investment Counsel LLC increased its position in Schlumberger by 3.7% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 455,664 shares of the oil and gas company's stock valued at $17,470,000 after buying an additional 16,274 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Schlumberger by 15.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 22,776 shares of the oil and gas company's stock valued at $861,000 after buying an additional 3,121 shares in the last quarter. Nixon Peabody Trust Co. increased its position in Schlumberger by 8.2% in the 4th quarter. Nixon Peabody Trust Co. now owns 5,300 shares of the oil and gas company's stock valued at $203,000 after buying an additional 400 shares in the last quarter. Jacobi Capital Management LLC increased its position in Schlumberger by 25.2% in the 4th quarter. Jacobi Capital Management LLC now owns 7,222 shares of the oil and gas company's stock valued at $277,000 after buying an additional 1,453 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Schlumberger by 15.0% in the 4th quarter. Metis Global Partners LLC now owns 90,715 shares of the oil and gas company's stock valued at $3,478,000 after buying an additional 11,809 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

SLB has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Griffin Securities downgraded Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Barclays cut their price target on Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. Sanford C. Bernstein upgraded Schlumberger to a "strong-buy" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price target on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Insider Buying and Selling at Schlumberger

In other news, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the transaction, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the completion of the transaction, the insider now directly owns 235,024 shares in the company, valued at approximately $10,331,655.04. The trade was a 15.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 290,772 shares of company stock valued at $12,546,660 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

Schlumberger Stock Performance

Schlumberger stock traded up $1.60 during trading on Friday, hitting $41.36. The stock had a trading volume of 19,613,595 shares, compared to its average volume of 14,443,572. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. 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 $40.73 and its two-hundred day moving average is $41.66. The stock has a market cap of $56.25 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last posted 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. 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 the consensus estimate of $9.24 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. Schlumberger's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm 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. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.76%. Schlumberger's payout ratio is presently 36.66%.

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.