Dai ichi Life Insurance Company Ltd Has $7.95 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Dai ichi Life Insurance Company Ltd lifted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 152,719 shares of the oil and gas company's stock after acquiring an additional 61,176 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Schlumberger were worth $7,947,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compass Ion Advisors LLC acquired a new stake in Schlumberger during the 3rd quarter worth approximately $268,000. Private Advisor Group LLC lifted its holdings in Schlumberger by 25.5% during the 3rd quarter. Private Advisor Group LLC now owns 100,539 shares of the oil and gas company's stock worth $5,862,000 after buying an additional 20,455 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in Schlumberger during the 3rd quarter worth approximately $222,000. Larson Financial Group LLC lifted its holdings in Schlumberger by 43.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,106 shares of the oil and gas company's stock worth $123,000 after buying an additional 635 shares in the last quarter. Finally, Bahl & Gaynor Inc. acquired a new stake in Schlumberger during the 3rd quarter worth approximately $206,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the completion of the sale, the chief technology officer now directly owns 33,421 shares in the company, valued at $1,612,897.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephane Biguet sold 6,250 shares of the business's stock in a transaction that occurred 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 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. In the last three months, insiders sold 157,428 shares of company stock worth $7,613,612. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SLB shares. Bank of America reduced their target price on shares of Schlumberger from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Monday, April 22nd. Stifel Nicolaus reissued a "buy" rating and issued a $64.00 price objective on shares of Schlumberger in a research report on Monday, April 22nd. Barclays dropped their price objective on shares of Schlumberger from $74.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 4th. HSBC reissued a "buy" rating and issued a $71.00 price objective on shares of Schlumberger in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Schlumberger in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $68.72.

Schlumberger Price Performance

Shares of NYSE SLB traded down $1.81 during midday trading on Wednesday, hitting $46.48. The company had a trading volume of 11,797,700 shares, compared to its average volume of 10,723,619. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. The business has a 50-day simple moving average of $51.31 and a two-hundred day simple moving average of $50.93. The firm has a market capitalization of $66.44 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.64.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.70 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger Limited will post 3.51 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. This is an increase from Schlumberger's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, June 5th. Schlumberger's dividend payout ratio (DPR) is 36.54%.

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.