Capital Advisors Inc. OK Grows Stock Holdings in Schlumberger Limited (NYSE:SLB)

Capital Advisors Inc. OK boosted its position in Schlumberger Limited (NYSE:SLB) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 658,409 shares of the oil and gas company’s stock after acquiring an additional 17,634 shares during the quarter. Capital Advisors Inc. OK’s holdings in Schlumberger were worth $25,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in shares of Schlumberger by 205.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,636 shares of the oil and gas company’s stock worth $656,000 after purchasing an additional 10,520 shares during the last quarter. Thomasville National Bank purchased a new stake in Schlumberger in the 3rd quarter worth approximately $202,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Schlumberger by 47.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,827 shares of the oil and gas company’s stock worth $202,000 after acquiring an additional 1,553 shares during the period. Sapient Capital LLC grew its stake in Schlumberger by 6.9% in the 3rd quarter. Sapient Capital LLC now owns 5,034 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 323 shares during the period. Finally, Stablepoint Partners LLC grew its stake in Schlumberger by 4.3% in the 3rd quarter. Stablepoint Partners LLC now owns 23,840 shares of the oil and gas company’s stock worth $1,000,000 after acquiring an additional 982 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s 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 transaction, the executive vice president now owns 184,626 shares in the company, valued at $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 263,782 shares of company stock valued at $11,442,229. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $41.75 on Wednesday. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. 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 company has a market cap of $58.49 billion, a PE ratio of 13.43, a P/E/G ratio of 9.49 and a beta of 1.51. The firm has a 50-day simple moving average of $40.12 and a 200 day simple moving average of $42.14.

Schlumberger (NYSE:SLB) last released its 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. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. On average, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 2.73%. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

Analyst Upgrades and Downgrades

Several research firms have commented on SLB. Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Susquehanna lowered their price objective on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Jefferies Financial Group decreased their price target on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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.