8,000 Shares in Schlumberger Limited (NYSE:SLB) Bought by Westbourne Investments Inc.

Westbourne Investments Inc. purchased a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the oil and gas company's stock, valued at approximately $307,000.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Schlumberger during the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the 4th quarter worth $32,000. Golden State Wealth Management LLC bought a new stake in shares of Schlumberger during the 4th quarter valued at $34,000. Hager Investment Management Services LLC acquired a new stake in shares of Schlumberger during the 4th quarter worth $38,000. Finally, Bogart Wealth LLC increased its position in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares during the period. 81.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SLB has been the subject of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, April 28th. BMO Capital Markets cut their price target on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Susquehanna decreased their price objective on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group cut their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.32.

Schlumberger Trading Up 3.0 %

NYSE SLB traded up $1.00 on Friday, hitting $34.74. The company's stock had a trading volume of 13,303,533 shares, compared to its average volume of 13,318,843. The company's 50-day moving average is $37.83 and its 200 day moving average is $40.04. The firm has a market cap of $47.25 billion, a PE ratio of 11.17, a PEG ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share 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 analyst estimates of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. As a group, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is presently 38.64%.

Insiders Place Their Bets

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This represents a 44.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

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.