US Bancorp DE Buys 41,560 Shares of Schlumberger Limited (NYSE:SLB)

US Bancorp DE raised its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,785,902 shares of the oil and gas company's stock after buying an additional 41,560 shares during the quarter. US Bancorp DE owned about 0.13% of Schlumberger worth $68,472,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SLB. Pacer Advisors Inc. boosted its position in shares of Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after acquiring an additional 12,938,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Schlumberger by 20.6% in the third 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 worth $470,425,000 after purchasing an additional 1,916,851 shares during the period. Scharf Investments LLC bought a new position in Schlumberger in the fourth quarter worth $52,607,000. Van ECK Associates Corp lifted its position in Schlumberger by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company's stock worth $310,696,000 after purchasing an additional 915,925 shares during the period. Finally, Weiss Asset Management LP bought a new position in Schlumberger in the third quarter worth $37,322,000. 81.99% of the stock is owned by institutional investors.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $1.85 during midday trading on Monday, reaching $39.81. The company's stock had a trading volume of 18,376,338 shares, compared to its average volume of 14,291,622. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The company has a market capitalization of $54.14 billion, a P/E ratio of 12.80, a P/E/G ratio of 10.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The business's fifty day simple moving average is $40.56 and its 200-day simple moving average is $41.76.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. As a group, equities research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.

Insider Buying and Selling

In related news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The stock was 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 $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 over the last three months. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on SLB shares. TD Cowen raised their target price on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced 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. Stifel Nicolaus dropped their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Atb Cap Markets lowered Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group dropped their price objective on Schlumberger from $64.00 to $61.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.81.

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.