Xponance Inc. Purchases 13,769 Shares of Schlumberger Limited (NYSE:SLB)

Xponance Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,501 shares of the oil and gas company’s stock after acquiring an additional 13,769 shares during the period. Xponance Inc.’s holdings in Schlumberger were worth $9,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLB. BluePath Capital Management LLC bought a new stake in shares of Schlumberger during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC bought a new stake in shares of Schlumberger during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Schlumberger during the 4th quarter worth approximately $26,000. Coppell Advisory Solutions LLC bought a new stake in shares of Schlumberger during the 2nd quarter worth approximately $27,000. Finally, MCF Advisors LLC lifted its holdings in shares of Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 461 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at $13,151,825.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at $13,151,825.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katharina Beumelburg sold 8,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.62, for a total transaction of $420,960.00. Following the completion of the sale, the insider now owns 15,581 shares of the company’s stock, valued at $819,872.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SLB has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Barclays dropped their price objective on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Benchmark reissued a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Wednesday, April 3rd. Wells Fargo & Company increased 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. Finally, Bank of America increased their price objective on shares of Schlumberger from $62.00 to $63.00 and gave the company 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.31.

Schlumberger Trading Down 1.9 %

NYSE SLB traded down $0.98 on Friday, hitting $49.96. The company’s stock had a trading volume of 2,938,567 shares, compared to its average volume of 11,094,155. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $51.56 and its 200 day moving average is $52.48. The firm has a market cap of $71.31 billion, a PE ratio of 17.45, a PEG ratio of 0.97 and a beta of 1.60.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the prior year, the company posted $0.63 earnings per share. Schlumberger’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts predict that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.20%. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is presently 37.67%.

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.