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

Brooks Moore & Associates Inc. increased its position in Schlumberger Limited (NYSE:SLB - Free Report) by 128.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SLB. Principal Financial Group Inc. increased its position in shares of Schlumberger by 8.0% during the third quarter. Principal Financial Group Inc. now owns 4,487,067 shares of the oil and gas company's stock worth $188,232,000 after acquiring an additional 332,500 shares during the last quarter. Versant Capital Management Inc raised its stake in Schlumberger by 98.9% during the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the oil and gas company's stock valued at $57,000 after buying an additional 745 shares in the last quarter. Nordea Investment Management AB lifted its stake in Schlumberger by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 1,767,647 shares of the oil and gas company's stock worth $67,772,000 after purchasing an additional 118,074 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Schlumberger by 54.2% in the fourth quarter. CWA Asset Management Group LLC now owns 200,075 shares of the oil and gas company's stock worth $7,671,000 after purchasing an additional 70,296 shares during the period. Finally, Bard Financial Services Inc. increased its stake in Schlumberger by 38.1% during the fourth quarter. Bard Financial Services Inc. now owns 7,525 shares of the oil and gas company's stock valued at $289,000 after purchasing an additional 2,075 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.19 during trading on Friday, hitting $34.51. The company had a trading volume of 7,407,388 shares, compared to its average volume of 13,430,644. The company has a market cap of $46.94 billion, a P/E ratio of 11.10, a PEG ratio of 10.10 and a beta of 1.06. 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 business's 50-day moving average is $37.18 and its 200 day moving average is $39.74. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94.

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

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.30%. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

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 sale, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This represents a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gavin Rennick sold 26,990 shares of the business'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 directly owns 53,584 shares in the company, valued at $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. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SLB has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Barclays lowered their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price target on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. BMO Capital Markets lowered their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, TD Cowen raised their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Five 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's stock. Based on data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and an average target price of $53.32.

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.