Brown Advisory Inc. Has $48.96 Million Stake in Schlumberger Limited (NYSE:SLB)

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

Several other large investors have also modified their holdings of the stock. Baird Financial Group Inc. increased its holdings in shares of Schlumberger by 1.4% in the 4th quarter. Baird Financial Group Inc. now owns 318,801 shares of the oil and gas company's stock valued at $12,223,000 after purchasing an additional 4,501 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Schlumberger by 2.1% during the 4th quarter. Baker Avenue Asset Management LP now owns 507,089 shares of the oil and gas company's stock valued at $19,442,000 after acquiring an additional 10,435 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Schlumberger during the 4th quarter worth approximately $325,000. Banque de Luxembourg S.A. acquired a new stake in shares of Schlumberger in the 4th quarter worth approximately $473,000. Finally, Bayesian Capital Management LP increased its stake in Schlumberger by 3,799.8% in the 4th quarter. Bayesian Capital Management LP now owns 192,845 shares of the oil and gas company's stock valued at $7,394,000 after purchasing an additional 187,900 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SLB. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Citigroup raised their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Evercore ISI restated an "in-line" rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, BMO Capital Markets lowered their target price on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Five equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.32.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction dated 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 owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Schlumberger Trading Up 0.6 %

Schlumberger stock traded up $0.19 during midday trading on Friday, reaching $34.51. The stock had a trading volume of 7,407,388 shares, compared to its average volume of 13,430,644. The stock's 50-day simple moving average is $37.18 and its 200 day simple moving average is $39.74. The stock has a market capitalization of $46.94 billion, a PE ratio of 11.10, a price-to-earnings-growth 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. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94.

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 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 period in the previous year, the business posted $0.75 earnings per share. Schlumberger's revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's payout ratio is 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.