Meiji Yasuda Life Insurance Co Has $1.83 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Meiji Yasuda Life Insurance Co increased its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,729 shares of the oil and gas company's stock after purchasing an additional 10,530 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Schlumberger were worth $1,830,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Schlumberger in the 4th quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter worth about $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger during the fourth quarter valued at approximately $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Schlumberger by 468.9% in the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 844 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Up 3.0 %

Shares of NYSE:SLB traded up $1.00 during trading on Friday, hitting $34.74. 13,303,533 shares of the company's stock traded hands, compared to its average volume of 13,318,843. The company has a 50-day moving average price of $37.83 and a 200-day moving average price of $40.01. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market cap of $47.25 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth 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 the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the company earned $0.75 EPS. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is 38.64%.

Wall Street Analyst Weigh In

SLB has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Stifel Nicolaus cut their price target 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. Piper Sandler dropped their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, BMO Capital Markets reduced their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $53.32.

Insider Activity

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the sale, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 53,584 shares of the company's stock, 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. Corporate 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.