Investor s Fiduciary Advisor Network LLC Buys Shares of 14,463 Schlumberger Limited (NYSE:SLB)

Investor s Fiduciary Advisor Network LLC bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,463 shares of the oil and gas company's stock, valued at approximately $554,000.

Other large investors have also modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Schlumberger in the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the fourth quarter valued at about $32,000. Golden State Wealth Management LLC acquired a new position in Schlumberger in the fourth quarter valued at about $34,000. Hager Investment Management Services LLC acquired a new position in Schlumberger in the fourth quarter valued at about $38,000. Finally, Bogart Wealth LLC lifted its position in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after buying an additional 844 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Stock Down 0.9%

Schlumberger stock traded down $0.31 during mid-day trading on Thursday, hitting $35.70. The company had a trading volume of 11,997,135 shares, compared to its average volume of 13,438,684. The stock has a market cap of $48.56 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The business has a fifty day moving average of $36.93 and a 200 day moving average of $39.64. 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 (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger's revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. On average, sell-side analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is currently 38.64%.

Insider Activity

In related news, insider Aparna Raman sold 25,133 shares of the stock in a transaction on Friday, March 28th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the sale, the insider now directly owns 53,584 shares of the company's stock, valued at approximately $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. Corporate insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

SLB has been the subject of a number of research analyst reports. Susquehanna lowered their target price on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Barclays decreased their price target on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Citigroup upped their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and an average target price of $53.32.

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.