Avior Wealth Management LLC Raises Position in Schlumberger Limited (NYSE:SLB)

Avior Wealth Management LLC boosted its position in shares of Schlumberger Limited (NYSE:SLB) by 41.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,862 shares of the oil and gas company’s stock after buying an additional 3,498 shares during the period. Avior Wealth Management LLC’s holdings in Schlumberger were worth $498,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Schlumberger by 26.4% in the 2nd quarter. AQR Capital Management LLC now owns 557,533 shares of the oil and gas company’s stock valued at $26,210,000 after purchasing an additional 116,284 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Schlumberger by 8.4% in the second quarter. APG Asset Management N.V. now owns 150,796 shares of the oil and gas company’s stock worth $6,638,000 after buying an additional 11,735 shares in the last quarter. Daymark Wealth Partners LLC boosted its position in Schlumberger by 5.5% during the second quarter. Daymark Wealth Partners LLC now owns 14,479 shares of the oil and gas company’s stock worth $683,000 after acquiring an additional 753 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Schlumberger during the 2nd quarter valued at about $1,180,000. Finally, Legal & General Group Plc raised its holdings in Schlumberger by 14.0% in the 2nd quarter. Legal & General Group Plc now owns 12,686,384 shares of the oil and gas company’s stock valued at $598,544,000 after acquiring an additional 1,560,684 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of a number of analyst reports. BMO Capital Markets dropped their price target on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Jefferies Financial Group cut their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Griffin Securities cut shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and an average price target of $55.81.

Insider Buying and Selling

In related news, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the transaction, the vice president now owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,258 shares of company stock worth $8,732,604. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of SLB opened at $42.30 on Friday. The company has a market cap of $59.25 billion, a P/E ratio of 13.60, a PEG ratio of 9.98 and a beta of 1.52. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. 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’s 50 day moving average price is $40.74 and its 200 day moving average price is $42.75.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9,241,140 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Schlumberger Limited will post 3.34 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.70%. Schlumberger’s payout ratio is currently 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.