Schlumberger Limited (NYSE:SLB) Shares Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its holdings in Schlumberger Limited (NYSE:SLB) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,692 shares of the oil and gas company’s stock after acquiring an additional 3,805 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Schlumberger were worth $3,017,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC lifted its stake in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 484 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Schlumberger in the third quarter valued at about $29,000. YANKCOM Partnership bought a new stake in Schlumberger in the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger in the fourth quarter valued at about $32,000. Finally, Golden State Wealth Management LLC bought a new stake in Schlumberger in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of several research analyst reports. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group lowered their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Susquehanna decreased their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a report on Monday, October 21st. Finally, Stifel Nicolaus decreased their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.81.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on 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 sale, the executive vice president now directly owns 210,502 shares of the company’s stock, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock valued at $11,442,229 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Stock Down 0.8 %

NYSE SLB opened at $41.45 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm has a 50-day simple moving average of $40.09 and a 200 day simple moving average of $42.09. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The stock has a market cap of $58.07 billion, a PE ratio of 13.33, a PEG ratio of 9.49 and a beta of 1.51.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. On average, research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is currently 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.