Brooks Moore & Associates Inc. Has $510,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Brooks Moore & Associates Inc. increased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 128.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,312 shares of the oil and gas company's stock after purchasing an additional 7,488 shares during the quarter. Brooks Moore & Associates Inc.'s holdings in Schlumberger were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP acquired a new stake in Schlumberger during the fourth quarter worth about $3,487,000. Bridgefront Capital LLC bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $2,205,000. Captrust Financial Advisors raised its position in shares of Schlumberger by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 142,441 shares of the oil and gas company's stock worth $5,461,000 after purchasing an additional 6,150 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Schlumberger during the 4th quarter worth approximately $323,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Schlumberger by 16.8% in the 4th quarter. Brown Advisory Inc. now owns 1,276,975 shares of the oil and gas company's stock worth $48,959,000 after purchasing an additional 183,972 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Insider Buying and Selling

In other news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction on Friday, March 28th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Schlumberger Trading Up 0.6 %

SLB traded up $0.19 during trading on Friday, reaching $34.51. The company had a trading volume of 7,407,388 shares, compared to its average volume of 13,413,746. 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 12-month low of $31.11 and a 12-month high of $50.94. The company has a market cap of $46.94 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 10.10 and a beta of 1.06. The firm's 50-day simple moving average is $37.27 and its 200 day simple moving average is $39.81.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm's revenue was down 2.5% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current 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 issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.30%. Schlumberger's dividend payout ratio is 38.64%.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Citigroup raised their price target on shares of 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 reduced their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Finally, Barclays lowered their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned 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.

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.