Schlumberger Limited (NYSE:SLB) Shares Bought by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,291 shares of the oil and gas company’s stock after purchasing an additional 4,750 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Schlumberger were worth $1,622,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new position in shares of Schlumberger during the 2nd quarter valued at $91,364,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Schlumberger by 20.6% during 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 in the last quarter. Legal & General Group Plc boosted its position in shares of Schlumberger by 14.0% in the second quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company’s stock worth $598,544,000 after buying an additional 1,560,684 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Schlumberger by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company’s stock valued at $333,445,000 after buying an additional 915,705 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new stake in shares of Schlumberger during the 2nd quarter valued at about $42,957,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. This represents a 22.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on shares of Schlumberger from $55.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Dbs Bank started coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They set a “buy” rating and a $64.50 price target on the stock. Jefferies Financial Group dropped their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Schlumberger in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Schlumberger has an average rating of “Moderate Buy” and a consensus price target of $56.58.

Schlumberger Stock Performance

SLB stock opened at $39.95 on Wednesday. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The stock has a market capitalization of $56.42 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.42 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The stock’s fifty day moving average is $40.95 and its two-hundred day moving average is $42.95.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period in the previous year, the business posted $0.78 EPS. Schlumberger’s revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that Schlumberger Limited will post 3.39 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.75%. Schlumberger’s payout ratio is 35.37%.

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.