Capital Asset Advisory Services LLC purchased a new position in Schlumberger Limited (NYSE:SLB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,159 shares of the oil and gas company’s stock, valued at approximately $157,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. John G Ullman & Associates Inc. purchased a new stake in shares of Schlumberger in the 4th quarter worth approximately $5,575,000. Ossiam lifted its position in Schlumberger by 14,047.1% during the fourth quarter. Ossiam now owns 34,519 shares of the oil and gas company’s stock valued at $754,000 after acquiring an additional 34,275 shares during the last quarter. Ropes Wealth Advisors LLC lifted its position in Schlumberger by 93.4% during the fourth quarter. Ropes Wealth Advisors LLC now owns 2,375 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 1,147 shares during the last quarter. Wealthstreet Investment Advisors LLC lifted its position in Schlumberger by 19.9% during the fourth quarter. Wealthstreet Investment Advisors LLC now owns 79,628 shares of the oil and gas company’s stock valued at $1,738,000 after acquiring an additional 13,228 shares during the last quarter. Finally, First Fiduciary Investment Counsel Inc. lifted its position in Schlumberger by 3.4% during the third quarter. First Fiduciary Investment Counsel Inc. now owns 365,934 shares of the oil and gas company’s stock valued at $5,694,000 after acquiring an additional 11,890 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.
SLB stock opened at $27.35 on Thursday. The firm has a market cap of $38.24 billion, a PE ratio of -3.59, a P/E/G ratio of 5.77 and a beta of 2.28. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.92 and a current ratio of 1.22. The firm’s fifty day moving average is $27.97 and its 200 day moving average is $22.33. Schlumberger Limited has a one year low of $13.70 and a one year high of $30.41.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Wednesday, February 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $0.50 annualized dividend and a yield of 1.83%. Schlumberger’s dividend payout ratio is presently 34.01%.
A number of equities research analysts recently commented on the stock. Argus increased their target price on shares of Schlumberger from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 26th. Barclays increased their target price on shares of Schlumberger from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, March 2nd. Smith Barney Citigroup upped their price target on shares of Schlumberger from $25.00 to $30.00 in a research note on Tuesday, December 15th. Morgan Stanley upped their price target on shares of Schlumberger from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 25th. Finally, Credit Suisse Group upped their price target on shares of Schlumberger from $21.50 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Schlumberger has an average rating of “Buy” and an average price target of $24.68.
In related news, CAO Howard Guild sold 10,000 shares of the firm’s stock in a transaction on Friday, February 5th. The shares were sold at an average price of $24.96, for a total transaction of $249,600.00. Following the sale, the chief accounting officer now owns 44,463 shares in the company, valued at $1,109,796.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.58% of the stock is currently owned by company insiders.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; and petro technical data services and training solutions.
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