Schlumberger Limited (NYSE:SLB) Position Boosted by Meitav Investment House Ltd.

Meitav Investment House Ltd. lifted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3,585.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 725,362 shares of the oil and gas company's stock after purchasing an additional 705,682 shares during the period. Meitav Investment House Ltd. owned about 0.05% of Schlumberger worth $37,725,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. BluePath Capital Management LLC bought a new position in Schlumberger in the third quarter worth about $25,000. Acadian Asset Management LLC bought a new position in Schlumberger in the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger in the fourth quarter worth about $26,000. Coppell Advisory Solutions LLC bought a new position in Schlumberger in the second quarter worth about $27,000. Finally, MCF Advisors LLC raised its holdings in shares of Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company's stock valued at $29,000 after buying an additional 461 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Schlumberger from $74.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 4th. Stifel Nicolaus lifted their price target on Schlumberger from $63.00 to $64.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Royal Bank of Canada lifted their price target on Schlumberger from $66.00 to $69.00 and gave the company an "outperform" rating in a report on Wednesday, April 3rd. Benchmark reiterated a "buy" rating and set a $68.00 price objective on shares of Schlumberger in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.80.

Insider Activity

In other news, CFO Stephane Biguet sold 6,250 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at approximately $11,816,212.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Mogharbel Khaled Al sold 38,570 shares of the company's stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the sale, the executive vice president now directly owns 386,841 shares in the company, valued at $19,504,523.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of the sale, the chief financial officer now owns 242,932 shares of the company's stock, valued at $11,816,212.48. The disclosure for this sale can be found here. Insiders have sold a total of 172,191 shares of company stock worth $8,636,322 in the last ninety days. Corporate insiders own 0.26% of the company's stock.

Schlumberger Trading Down 0.4 %

NYSE SLB traded down $0.19 on Thursday, hitting $54.01. 7,519,951 shares of the stock were exchanged, compared to its average volume of 11,309,308. Schlumberger Limited has a 52-week low of $42.73 and a 52-week high of $62.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The company has a market capitalization of $77.09 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.97 and a beta of 1.60. The company's 50-day moving average price is $51.24 and its two-hundred day moving average price is $52.78.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm had revenue of $8.99 billion for the quarter, compared to analysts' expectations of $8.96 billion. During the same period in the previous year, the company posted $0.71 EPS. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.53 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Tuesday, February 6th. Schlumberger's dividend payout ratio is currently 34.25%.

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.

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