51,609 Shares in Schlumberger Limited (NYSE:SLB) Acquired by one8zero8 LLC

one8zero8 LLC acquired a new position in Schlumberger Limited (NYSE:SLB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 51,609 shares of the oil and gas company’s stock, valued at approximately $1,979,000.

A number of other institutional investors also recently modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of Schlumberger by 15.1% during the 4th quarter. Natixis Advisors LLC now owns 454,993 shares of the oil and gas company’s stock valued at $17,444,000 after buying an additional 59,571 shares during the period. Frank Rimerman Advisors LLC raised its holdings in Schlumberger by 72.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 9,273 shares of the oil and gas company’s stock worth $356,000 after acquiring an additional 3,887 shares during the period. Brandes Investment Partners LP grew its position in Schlumberger by 58.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,029,034 shares of the oil and gas company’s stock worth $39,453,000 after purchasing an additional 379,967 shares during the last quarter. Hills Bank & Trust Co grew its position in Schlumberger by 1.6% in the 4th quarter. Hills Bank & Trust Co now owns 35,586 shares of the oil and gas company’s stock worth $1,364,000 after purchasing an additional 571 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Schlumberger by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company’s stock worth $1,067,254,000 after purchasing an additional 343,261 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Evercore ISI reiterated an “in-line” rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Citigroup lifted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, BMO Capital Markets reduced their price target on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Six research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.81.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 43,161 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the transaction, the insider now owns 235,024 shares in the company, valued at $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares of the company’s stock, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,772 shares of company stock valued at $12,546,660. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Trading Up 2.9 %

Shares of NYSE SLB opened at $41.10 on Friday. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a market cap of $55.89 billion, a PE ratio of 13.21, a P/E/G ratio of 10.10 and a beta of 1.47. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $40.95 and a two-hundred day moving average of $41.49.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.77%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is 36.66%.

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.