Banco Bilbao Vizcaya Argentaria S.A. Buys 122,821 Shares of Schlumberger Limited (NYSE:SLB)

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 857,155 shares of the oil and gas company's stock after acquiring an additional 122,821 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.06% of Schlumberger worth $34,595,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the fourth quarter worth $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger during the fourth quarter valued at about $34,000. Hager Investment Management Services LLC bought a new stake in Schlumberger during the 4th quarter worth approximately $38,000. Finally, Bogart Wealth LLC raised its position in Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Performance

NYSE:SLB traded down $0.01 during mid-day trading on Tuesday, hitting $34.09. 7,999,086 shares of the company traded hands, compared to its average volume of 13,193,080. The stock's fifty day moving average price is $38.45 and its 200-day moving average price is $40.29. 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 Limited has a one year low of $31.11 and a one year high of $50.94. The firm has a market cap of $46.35 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Schlumberger's revenue was down 2.5% on a year-over-year basis. Research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is 38.64%.

Insider Buying and Selling at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction 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 trade represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,647 shares of company stock worth $4,876,679 over the last 90 days. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SLB. Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Citigroup boosted their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group cut their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Stifel Nicolaus lowered their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $53.32.

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.