Mackenzie Financial Corp Has $110.59 Million Holdings in Schlumberger Limited (NYSE:SLB)

Mackenzie Financial Corp lowered its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,125,014 shares of the oil and gas company's stock after selling 82,389 shares during the period. Mackenzie Financial Corp owned approximately 0.15% of Schlumberger worth $110,586,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in Schlumberger during the third quarter valued at $25,000. MCF Advisors LLC lifted its position in shares of Schlumberger by 1,355.9% in the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company's stock worth $29,000 after buying an additional 461 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Schlumberger in the fourth quarter worth about $26,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Schlumberger in the third quarter worth about $31,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Schlumberger in the second quarter worth about $27,000. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SLB. HSBC reaffirmed a "buy" rating and issued a $71.00 price target on shares of Schlumberger in a research report on Thursday, April 4th. Benchmark reaffirmed a "buy" rating and issued a $68.00 price target on shares of Schlumberger in a research report on Wednesday, April 3rd. Royal Bank of Canada boosted their price target on Schlumberger from $66.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 3rd. Wells Fargo & Company lifted their price objective on Schlumberger from $69.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday, January 22nd. Finally, Bank of America lifted their price objective on Schlumberger from $62.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and an average target price of $70.31.

Schlumberger Stock Performance

SLB traded down $0.26 on Tuesday, hitting $51.41. 10,349,043 shares of the stock traded hands, compared to its average volume of 11,294,294. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $73.38 billion, a PE ratio of 17.48, a P/E/G ratio of 0.94 and a beta of 1.60. The business has a fifty day moving average price of $51.36 and a two-hundred day moving average price of $52.56.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The company had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same period in the prior year, the company posted $0.71 EPS. The company's revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that Schlumberger Limited will post 3.52 EPS for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. Schlumberger's dividend payout ratio is currently 34.25%.

Insider Activity

In other news, EVP Abdellah Merad sold 50,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares in the company, valued at approximately $12,688,319.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Stephane Biguet sold 6,250 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares of the company's stock, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 50,000 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 172,191 shares of company stock worth $8,636,322. Company insiders own 0.26% of the company's stock.

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.