Brown Advisory Inc. Grows Stock Position in Schlumberger Limited (NYSE:SLB)

Brown Advisory Inc. lifted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,276,975 shares of the oil and gas company's stock after buying an additional 183,972 shares during the quarter. Brown Advisory Inc. owned approximately 0.09% of Schlumberger worth $48,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SLB. YANKCOM Partnership purchased a new stake in Schlumberger during the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger in the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC raised its stake 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 acquiring an additional 844 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Jefferies Financial Group dropped their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, TD Cowen upped their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.32.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.19 during midday trading on Friday, hitting $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 quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $39.81. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The firm has a market capitalization of $46.94 billion, a price-to-earnings 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 announced its quarterly 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 for the quarter, compared to analysts' expectations of $8.64 billion. During the same period last year, the firm earned $0.75 EPS. Schlumberger'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 company 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 dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insider Buying and Selling

In related news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated 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 owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction 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. This represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.