Banque de Luxembourg S.A. Buys Shares of 12,293 Schlumberger Limited (NYSE:SLB)

Banque de Luxembourg S.A. acquired a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,293 shares of the oil and gas company's stock, valued at approximately $473,000.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. Bayesian Capital Management LP grew its position in shares of Schlumberger by 3,799.8% during the fourth quarter. Bayesian Capital Management LP now owns 192,845 shares of the oil and gas company's stock worth $7,394,000 after acquiring an additional 187,900 shares during the last quarter. BNP Paribas grew its position in Schlumberger by 769.6% in the 4th quarter. BNP Paribas now owns 146,396 shares of the oil and gas company's stock worth $5,613,000 after purchasing an additional 129,561 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Schlumberger by 222.0% in the fourth quarter. Ancora Advisors LLC now owns 36,939 shares of the oil and gas company's stock valued at $1,416,000 after purchasing an additional 25,468 shares during the period. Aptus Capital Advisors LLC raised its holdings in shares of Schlumberger by 17.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 125,603 shares of the oil and gas company's stock valued at $4,818,000 after buying an additional 18,433 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of Schlumberger during the fourth quarter worth approximately $958,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on SLB. Royal Bank of Canada restated an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Stifel Nicolaus cut their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. TD Cowen upped their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Jefferies Financial Group lowered their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.32.

Schlumberger Trading Down 0.4 %

Shares of NYSE:SLB traded down $0.15 during mid-day trading on Tuesday, hitting $33.62. The stock had a trading volume of 17,475,785 shares, compared to its average volume of 13,365,145. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market cap of $45.72 billion, a PE ratio of 10.81, a P/E/G ratio of 10.10 and a beta of 1.06. The company's 50 day moving average is $37.55 and its 200-day moving average is $39.91.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the business earned $0.75 EPS. The business's quarterly revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insider Buying and Selling

In related news, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the transaction, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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.