Banque Transatlantique SA Acquires Shares of 8,514 Schlumberger Limited (NYSE:SLB)

Banque Transatlantique SA bought a new position in Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,514 shares of the oil and gas company's stock, valued at approximately $325,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SLB. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC purchased a new position in Schlumberger in the 4th quarter worth about $32,000. Golden State Wealth Management LLC acquired a new stake in Schlumberger during the 4th quarter worth about $34,000. Hager Investment Management Services LLC purchased a new stake in Schlumberger during the fourth quarter valued at about $38,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. The trade was a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the sale, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. The trade was 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.

Analyst Ratings Changes

SLB has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Barclays lowered their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and a consensus price target of $53.32.

Schlumberger Stock Performance

SLB traded down $0.08 on Wednesday, hitting $33.50. The company had a trading volume of 12,123,281 shares, compared to its average volume of 13,379,293. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The company's fifty day moving average price is $37.55 and its 200 day moving average price is $39.91. The stock has a market cap of $45.56 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.40%. Schlumberger's dividend payout ratio is presently 38.64%.

About Schlumberger

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.