Silvercrest Asset Management Group LLC Has $3.03 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Silvercrest Asset Management Group LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 18.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 78,990 shares of the oil and gas company's stock after purchasing an additional 12,284 shares during the period. Silvercrest Asset Management Group LLC's holdings in Schlumberger were worth $3,028,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. YANKCOM Partnership bought a new stake in Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Schlumberger during the fourth quarter worth $32,000. Golden State Wealth Management LLC bought a new stake in shares of Schlumberger during the fourth quarter worth $34,000. Hager Investment Management Services LLC bought a new stake in shares of Schlumberger during the fourth quarter worth $38,000. Finally, Bogart Wealth LLC raised its position in shares of Schlumberger by 468.9% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Price Performance

Shares of NYSE SLB traded down $0.09 during midday trading on Friday, reaching $33.66. The company's stock had a trading volume of 10,464,897 shares, compared to its average volume of 13,584,168. 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 fifty-two week low of $31.11 and a fifty-two week high of $50.94. The business's 50 day moving average price is $36.08 and its two-hundred day moving average price is $39.31. The company has a market cap of $45.79 billion, a P/E ratio of 10.82, a P/E/G ratio of 10.10 and a beta of 1.06.

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 business had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The firm's quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.39%. Schlumberger's dividend payout ratio is currently 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction on 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 completion of the sale, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

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

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.