NYSE:SLB - Free Report ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 148,997 shares of the oil and gas company's stock, valued at approximately $7,754,000.
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Other institutional investors also recently modified their holdings of the company. CI Investments Inc. increased its position in Schlumberger by 4.9% during the third quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company's stock worth $241,000 after buying an additional 192 shares during the last quarter. Montgomery Investment Management Inc. increased its holdings in shares of Schlumberger by 1.9% during the 3rd quarter. Montgomery Investment Management Inc. now owns 10,920 shares of the oil and gas company's stock worth $637,000 after acquiring an additional 200 shares during the last quarter. Allworth Financial LP raised its stake in Schlumberger by 3.8% in the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company's stock valued at $324,000 after acquiring an additional 206 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Schlumberger by 0.6% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 34,414 shares of the oil and gas company's stock valued at $2,007,000 after purchasing an additional 206 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV boosted its position in Schlumberger by 1.9% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 12,196 shares of the oil and gas company's stock worth $635,000 after purchasing an additional 228 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Schlumberger Price Performance Shares of SLB stock traded up $0.21 during trading hours on Tuesday, reaching $48.17. The company's stock had a trading volume of 8,549,661 shares, compared to its average volume of 11,124,442. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The firm's 50 day simple moving average is $51.62 and its 200-day simple moving average is $51.51. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $68.85 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.92 and a beta of 1.64.
Schlumberger (NYSE:SLB - Get Free Report ) last released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. Schlumberger's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Sell-side analysts forecast that Schlumberger Limited will post 3.51 earnings per share for the current year.
Schlumberger Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.28%. This is a boost from Schlumberger's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. Schlumberger's dividend payout ratio is currently 36.54%.
Insider Activity at Schlumberger In other Schlumberger 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 sale, the chief financial officer now owns 242,932 shares of the company's stock, valued at $11,816,212.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In other news, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the sale, the chief financial officer now directly owns 242,932 shares of the company's stock, valued at $11,816,212.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, EVP Abdellah Merad sold 50,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were 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 of the company's stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here . 0.26% of the stock is owned by insiders.
Analyst Upgrades and Downgrades Several analysts recently commented on the stock. HSBC reaffirmed a "buy" rating and set a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. TD Cowen reduced their price objective on Schlumberger from $64.00 to $63.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Royal Bank of Canada increased their target price on Schlumberger from $66.00 to $69.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 3rd. Wells Fargo & Company downgraded Schlumberger from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $68.00 to $53.00 in a research note on Monday, April 29th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $65.00 price objective on shares of Schlumberger in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.72.
View Our Latest Analysis on SLB
About Schlumberger (
Free Report )
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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