Schlumberger Limited (NYSE:SLB) Position Boosted by Ancora Advisors LLC

Ancora Advisors LLC grew its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 222.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,939 shares of the oil and gas company's stock after buying an additional 25,468 shares during the quarter. Ancora Advisors LLC's holdings in Schlumberger were worth $1,416,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SLB. YANKCOM Partnership purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger during the 4th quarter worth $32,000. Golden State Wealth Management LLC acquired a new position in Schlumberger in the 4th quarter worth $34,000. Hager Investment Management Services LLC purchased a new position in Schlumberger in the 4th quarter valued at about $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Schlumberger by 468.9% during the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 844 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Performance

Shares of SLB traded up $0.19 during midday trading on Friday, hitting $34.51. 7,407,388 shares of the stock traded hands, compared to its average volume of 13,430,644. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The business's 50 day moving average price is $37.18 and its two-hundred day moving average price is $39.74. The firm has a market capitalization of $46.94 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last posted 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 firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the company posted $0.75 EPS. Schlumberger's revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.30%. Schlumberger's payout ratio is 38.64%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Barclays reduced their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Citigroup lifted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group reduced their price objective 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, Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.32.

Insider Activity

In other news, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.