Schlumberger Limited (NYSE:SLB) Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its holdings in shares of Schlumberger Limited (NYSE:SLB) by 122.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,857 shares of the oil and gas company’s stock after buying an additional 3,224 shares during the period. Silver Oak Securities Incorporated’s holdings in Schlumberger were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Stonegate Investment Group LLC lifted its position in shares of Schlumberger by 1.7% during the third quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock worth $633,000 after purchasing an additional 177 shares in the last quarter. CI Investments Inc. lifted its position in shares of Schlumberger by 4.9% during the third quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock worth $241,000 after purchasing an additional 192 shares in the last quarter. Montgomery Investment Management Inc. lifted its position in shares of Schlumberger by 1.9% during the third quarter. Montgomery Investment Management Inc. now owns 10,920 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 200 shares in the last quarter. Allworth Financial LP lifted its position in shares of Schlumberger by 3.8% during the third quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 206 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Schlumberger by 0.6% during the third quarter. Atria Wealth Solutions Inc. now owns 34,414 shares of the oil and gas company’s stock worth $2,007,000 after purchasing an additional 206 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SLB. Morgan Stanley reissued an “overweight” rating and set a $65.00 target price on shares of Schlumberger in a research report on Monday, April 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Barclays dropped their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. BMO Capital Markets dropped their price target on shares of Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $64.00 price target on shares of Schlumberger in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.72.

Schlumberger Stock Down 0.7 %

SLB stock opened at $47.16 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The firm’s 50-day simple moving average is $51.69 and its 200 day simple moving average is $51.90. The stock has a market cap of $67.41 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.91 and a beta of 1.64.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. Schlumberger’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. As a group, sell-side analysts predict that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.275 per share. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.10 annualized dividend and a dividend yield of 2.33%. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

Insider Activity

In other news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the transaction, the executive vice president now owns 261,507 shares in the company, valued at approximately $12,688,319.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of the sale, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at $11,816,212.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.