EntryPoint Capital LLC Makes New $270,000 Investment in Schlumberger Limited (NYSE:SLB)

EntryPoint Capital LLC bought a new stake in Schlumberger Limited (NYSE:SLB) in the fourth quarter, HoldingsChannel reports. The firm bought 7,032 shares of the oil and gas company’s stock, valued at approximately $270,000.

Several other hedge funds also recently made changes to their positions in SLB. YANKCOM Partnership bought a new position in Schlumberger in the fourth quarter worth $31,000. Stonebridge Financial Group LLC bought a new position in shares of Schlumberger in the 4th quarter worth about $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the fourth quarter worth about $34,000. Hager Investment Management Services LLC purchased a new stake in Schlumberger in the fourth quarter worth about $38,000. Finally, Bogart Wealth LLC increased its stake in shares of Schlumberger by 468.9% during the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 844 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Price Performance

NYSE SLB opened at $41.87 on Friday. The company has a 50-day moving average price of $41.29 and a 200-day moving average price of $41.44. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65. 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 capitalization of $56.93 billion, a P/E ratio of 13.46, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping 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 business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SLB. Wells Fargo & Company dropped their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group reduced their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus lowered their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Atb Cap Markets downgraded shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.69.

Insiders Place Their Bets

In other news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares of the company’s stock, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Company 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.