Schlumberger Limited (NYSE:SLB) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its stake in shares of Schlumberger Limited (NYSE:SLB) by 67.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,696 shares of the oil and gas company’s stock after acquiring an additional 13,561 shares during the quarter. Virtu Financial LLC’s holdings in Schlumberger were worth $1,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth about $26,000. Janiczek Wealth Management LLC lifted its stake in Schlumberger by 1,180.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 602 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Schlumberger by 64.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 292 shares during the period. American National Bank grew its position in shares of Schlumberger by 745.5% during the fourth quarter. American National Bank now owns 744 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 656 shares during the last quarter. Finally, Legacy Bridge LLC increased its holdings in shares of Schlumberger by 39.4% in the 4th quarter. Legacy Bridge LLC now owns 853 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 241 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SLB. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price target on shares of Schlumberger in a research note on Monday, April 22nd. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price target on shares of Schlumberger in a report on Monday, April 22nd. HSBC reaffirmed a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a research note on Thursday, April 4th. StockNews.com downgraded Schlumberger from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets dropped their target price on Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and a consensus target price of $69.06.

Schlumberger Price Performance

Schlumberger stock traded down $0.81 during mid-day trading on Friday, reaching $43.00. The company had a trading volume of 12,740,544 shares, compared to its average volume of 11,763,680. The stock’s 50-day simple moving average is $47.97 and its 200-day simple moving average is $49.92. Schlumberger Limited has a 1 year low of $42.61 and a 1 year high of $62.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The company has a market capitalization of $61.46 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.83 and a beta of 1.57.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. Schlumberger’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, equities 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. Investors of record on Wednesday, June 5th will be given a $0.275 dividend. The ex-dividend date is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.56%. Schlumberger’s payout ratio is currently 36.54%.

Insider Activity at Schlumberger

In other news, insider Bejar Carmen Rando sold 4,980 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $43.43, for a total value of $216,281.40. Following the sale, the insider now directly owns 22,518 shares in the company, valued at $977,956.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bejar Carmen Rando sold 4,980 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the sale, the insider now owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gavin Rennick sold 38,083 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total value of $1,838,647.24. Following the transaction, the insider now directly owns 45,851 shares of the company’s stock, valued at approximately $2,213,686.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,158 shares of company stock valued at $5,099,893. Insiders own 0.26% of the company’s stock.

About Schlumberger

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.