Schlumberger Limited (NYSE:SLB) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 81,941 shares of the oil and gas company’s stock after acquiring an additional 4,497 shares during the period. Kestra Private Wealth Services LLC’s holdings in Schlumberger were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in Schlumberger by 81.8% during the fourth quarter. Stephens Inc. AR now owns 25,509 shares of the oil and gas company’s stock worth $978,000 after buying an additional 11,474 shares in the last quarter. Robinson Value Management Ltd. boosted its stake in shares of Schlumberger by 0.9% during the 4th quarter. Robinson Value Management Ltd. now owns 62,312 shares of the oil and gas company’s stock worth $2,389,000 after acquiring an additional 582 shares in the last quarter. Howland Capital Management LLC grew its position in shares of Schlumberger by 22.1% during the 4th quarter. Howland Capital Management LLC now owns 13,225 shares of the oil and gas company’s stock valued at $511,000 after acquiring an additional 2,390 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of Schlumberger by 19.9% in the 4th quarter. Quotient Wealth Partners LLC now owns 44,436 shares of the oil and gas company’s stock valued at $1,704,000 after purchasing an additional 7,384 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in Schlumberger by 77.6% in the 4th quarter. WCM Investment Management LLC now owns 37,116 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 16,218 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the company’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 transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares of the company’s stock, valued at $496,808. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock worth $11,442,229 over the last quarter. 0.26% of the stock is currently owned by company insiders.

Schlumberger Stock Up 2.6 %

NYSE SLB opened at $41.19 on Tuesday. The business’s fifty day simple moving average is $40.17 and its 200-day simple moving average is $42.19. 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 firm has a market cap of $57.71 billion, a PE ratio of 13.25, a P/E/G ratio of 9.49 and a beta of 1.51. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69.

Schlumberger (NYSE:SLB) last issued its 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. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. Schlumberger’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share 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 paid 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 annualized dividend and a yield of 2.77%. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

Several analysts have commented on SLB shares. JPMorgan Chase & Co. raised their price objective on Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets dropped their price target on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Barclays reduced their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Finally, TD Cowen upped their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.