Isthmus Partners LLC Has $8.74 Million Holdings in Schlumberger Limited (NYSE:SLB)

Isthmus Partners LLC lowered its stake in shares of Schlumberger Limited (NYSE:SLB) by 13.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 227,913 shares of the oil and gas company’s stock after selling 34,086 shares during the period. Isthmus Partners LLC’s holdings in Schlumberger were worth $8,738,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SLB. Prospera Private Wealth LLC bought a new stake in Schlumberger during the third quarter worth $29,000. YANKCOM Partnership purchased a new position in Schlumberger during the 4th quarter worth $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Schlumberger in the 4th quarter worth $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger in the fourth quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Schlumberger during the third quarter valued at about $37,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value 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. This trade represents a 40.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 290,772 shares of company stock valued at $12,546,660. Company insiders own 0.26% of the company’s stock.

Schlumberger Stock Up 4.0 %

Shares of NYSE SLB opened at $41.36 on Monday. The business has a 50-day simple moving average of $40.73 and a two-hundred day simple moving average of $41.63. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The company has a market cap of $56.25 billion, a P/E ratio of 13.30, a P/E/G ratio of 10.10 and a beta of 1.47. 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 issued its quarterly earnings data 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 net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. Schlumberger’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm 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 dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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. Citigroup increased their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Evercore ISI reissued an “in-line” rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Jefferies Financial Group decreased their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. 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 company’s stock. According to MarketBeat.com, Schlumberger presently has a consensus 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.