7,034 Shares in Schlumberger Limited (NYSE:SLB) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in Schlumberger Limited (NYSE:SLB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 7,034 shares of the oil and gas company’s stock, valued at approximately $266,000.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Schlumberger by 27.0% in the 4th quarter. Blue Trust Inc. now owns 28,073 shares of the oil and gas company’s stock valued at $1,178,000 after buying an additional 5,962 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in Schlumberger by 10.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 15,617 shares of the oil and gas company’s stock valued at $599,000 after acquiring an additional 1,441 shares during the period. PFG Investments LLC raised its stake in shares of Schlumberger by 11.3% during the fourth quarter. PFG Investments LLC now owns 28,539 shares of the oil and gas company’s stock valued at $1,094,000 after acquiring an additional 2,898 shares during the last quarter. Narwhal Capital Management lifted its holdings in shares of Schlumberger by 225.5% during the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company’s stock worth $2,862,000 after purchasing an additional 51,715 shares during the period. Finally, Stablepoint Partners LLC grew its stake in shares of Schlumberger by 8.9% in the fourth quarter. Stablepoint Partners LLC now owns 25,960 shares of the oil and gas company’s stock worth $995,000 after purchasing an additional 2,120 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other news, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 198,258 shares of company stock worth $8,732,604 in the last quarter. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SLB has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Barclays dropped their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Finally, Jefferies Financial Group lowered their target price on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Stock Down 2.8 %

Shares of NYSE:SLB opened at $41.33 on Wednesday. The stock has a market cap of $58.36 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 9.98 and a beta of 1.52. The business’s 50 day moving average is $40.73 and its 200 day moving average is $42.69. Schlumberger Limited has a 12-month low of $36.52 and a 12-month 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.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating 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 company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Schlumberger Limited will post 3.34 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.76%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 35.37%.

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.