Schlumberger Limited (NYSE:SLB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Schlumberger Limited (NYSE:SLB) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,601,124 shares of the oil and gas company’s stock after buying an additional 146,815 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Schlumberger were worth $395,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highland Capital Management LLC raised its stake in shares of Schlumberger by 2,494.0% during the 4th quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock worth $5,278,000 after buying an additional 97,516 shares during the last quarter. Guinness Asset Management LTD grew its position in shares of Schlumberger by 0.3% in the third quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock valued at $19,468,000 after purchasing an additional 965 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Schlumberger by 36.4% during the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after purchasing an additional 380,185 shares in the last quarter. Allworth Financial LP raised its position in shares of Schlumberger by 3.8% during the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 206 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Schlumberger by 6.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock valued at $31,726,000 after buying an additional 35,763 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 stock was sold at an average price of $48.64, for a total value of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at $11,816,212.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the 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 sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares in the company, valued at $11,816,212.48. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SLB. Bank of America dropped their price target on Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada boosted their target price on shares of Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Barclays reduced their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Susquehanna reissued a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a research report on Monday, April 22nd. Finally, Wells Fargo & Company lowered shares of Schlumberger from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $68.00 to $53.00 in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.72.

Schlumberger Trading Down 0.6 %

NYSE:SLB traded down $0.28 on Wednesday, hitting $47.89. 2,768,950 shares of the stock were exchanged, compared to its average volume of 11,030,563. The stock has a fifty day moving average of $51.62 and a 200-day moving average of $51.51. The stock has a market cap of $68.45 billion, a PE ratio of 16.00, a PEG ratio of 0.92 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. As a group, equities analysts expect that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, June 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

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.