Schlumberger Limited (NYSE:SLB) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its holdings in shares of Schlumberger Limited (NYSE:SLB) by 502.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,024 shares of the oil and gas company’s stock after buying an additional 165,162 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Schlumberger were worth $7,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SLB. Private Advisor Group LLC boosted its holdings in Schlumberger by 7.2% in the fourth quarter. Private Advisor Group LLC now owns 154,834 shares of the oil and gas company’s stock valued at $5,936,000 after purchasing an additional 10,412 shares in the last quarter. Keene & Associates Inc. lifted its position in shares of Schlumberger by 7.9% during the 4th quarter. Keene & Associates Inc. now owns 81,477 shares of the oil and gas company’s stock worth $3,124,000 after buying an additional 5,956 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Schlumberger by 72.7% in the 4th quarter. Alberta Investment Management Corp now owns 113,820 shares of the oil and gas company’s stock valued at $4,364,000 after buying an additional 47,920 shares in the last quarter. Laidlaw Wealth Management LLC grew its position in shares of Schlumberger by 1.3% in the 4th quarter. Laidlaw Wealth Management LLC now owns 23,085 shares of the oil and gas company’s stock valued at $885,000 after buying an additional 305 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Schlumberger by 9.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,383 shares of the oil and gas company’s stock worth $206,000 after acquiring an additional 457 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the sale, the executive vice president now owns 184,626 shares of the company’s stock, valued at $8,140,160.34. The trade was a 40.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares of the company’s stock, valued at $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 have sold a total of 263,782 shares of company stock valued at $11,442,229 in the last ninety days. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SLB. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Jefferies Financial Group cut their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their target price on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $42.19 on Thursday. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The company has a 50-day moving average price of $40.14 and a 200 day moving average price of $41.92. The company has a market cap of $59.10 billion, a P/E ratio of 13.56, a PEG ratio of 9.90 and a beta of 1.51. 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 (NYSE:SLB) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $9.24 billion. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Wednesday, February 5th. 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.