Mattson Financial Services LLC Increases Stock Position in Schlumberger Limited (NYSE:SLB)

Mattson Financial Services LLC lifted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 73.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,887 shares of the oil and gas company's stock after acquiring an additional 24,093 shares during the period. Mattson Financial Services LLC's holdings in Schlumberger were worth $2,386,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dynamic Technology Lab Private Ltd lifted its position in Schlumberger by 32.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock worth $2,737,000 after purchasing an additional 17,405 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Schlumberger by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after acquiring an additional 1,377,134 shares during the last quarter. Bryn Mawr Capital Management LLC lifted its holdings in shares of Schlumberger by 502.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock worth $7,592,000 after acquiring an additional 165,162 shares during the last quarter. Miller Financial Services LLC bought a new position in shares of Schlumberger in the fourth quarter worth about $375,000. Finally, Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of Schlumberger by 40.4% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 220,685 shares of the oil and gas company's stock worth $8,461,000 after acquiring an additional 63,500 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of research reports. Jefferies Financial Group dropped their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Susquehanna dropped their target price on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Stifel Nicolaus dropped their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, April 28th. Morgan Stanley dropped their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.44.

Schlumberger Trading Down 2.0%

Schlumberger stock traded down $0.66 during mid-day trading on Friday, hitting $33.02. 20,666,010 shares of the stock were exchanged, compared to its average volume of 13,615,333. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The firm's fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $39.09. The stock has a market capitalization of $44.91 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the business earned $0.75 EPS. The business's quarterly revenue was down 2.5% compared to the same quarter last year. Analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid 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 yield of 3.45%. Schlumberger's dividend payout ratio is currently 38.64%.

Insider Buying and Selling

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the director now owns 23,525 shares of the company's stock, valued at $789,969.50. This represents a 17.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Aparna Raman sold 25,133 shares of the company'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 completion of the sale, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Schlumberger Company 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.