Minot DeBlois Advisors LLC Makes New Investment in Schlumberger Limited (NYSE:SLB)

Minot DeBlois Advisors LLC bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,140 shares of the oil and gas company's stock, valued at approximately $619,000.

Several other institutional investors and hedge funds have also bought and sold shares of SLB. Harbor Capital Advisors Inc. boosted its stake in Schlumberger by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,238 shares of the oil and gas company's stock worth $1,236,000 after acquiring an additional 790 shares in the last quarter. Czech National Bank boosted its stake in Schlumberger by 5.8% during the fourth quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock worth $11,739,000 after acquiring an additional 16,914 shares in the last quarter. Clark & Stuart Inc bought a new position in Schlumberger during the fourth quarter worth $3,772,000. City Center Advisors LLC lifted its stake in shares of Schlumberger by 22.4% in the fourth quarter. City Center Advisors LLC now owns 10,359 shares of the oil and gas company's stock valued at $397,000 after buying an additional 1,899 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its stake in shares of Schlumberger by 1.6% in the fourth quarter. CHICAGO TRUST Co NA now owns 39,903 shares of the oil and gas company's stock valued at $1,530,000 after buying an additional 625 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 value of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $1,104,430.80. Following the completion of the sale, the insider now directly owns 53,584 shares of the company's stock, valued at $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 owned by corporate insiders.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $0.02 during trading on Friday, reaching $35.74. The company had a trading volume of 12,621,645 shares, compared to its average volume of 13,485,421. The company has a fifty day moving average of $36.82 and a two-hundred day moving average of $39.60. The stock has a market capitalization of $48.61 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 12 month low of $31.11 and a 12 month 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.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SLB shares. Wells Fargo & Company raised 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 research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, April 28th. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, Piper Sandler reduced their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Five 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.44.

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.