YANKCOM Partnership Invests $31,000 in Schlumberger Limited (NYSE:SLB)

YANKCOM Partnership bought a new position in Schlumberger Limited (NYSE:SLB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 818 shares of the oil and gas company’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently modified their holdings of the stock. Czech National Bank boosted its position in shares of Schlumberger by 6.2% during the third quarter. Czech National Bank now owns 289,269 shares of the oil and gas company’s stock valued at $12,135,000 after buying an additional 16,919 shares during the last quarter. Diversified Trust Co boosted its position in shares of Schlumberger by 12.4% during the third quarter. Diversified Trust Co now owns 18,013 shares of the oil and gas company’s stock valued at $756,000 after buying an additional 1,994 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Schlumberger by 7.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 10,365 shares of the oil and gas company’s stock valued at $435,000 after buying an additional 696 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Schlumberger by 49.8% during the third quarter. Atomi Financial Group Inc. now owns 11,755 shares of the oil and gas company’s stock valued at $493,000 after buying an additional 3,908 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Schlumberger by 44.9% during the third quarter. Hexagon Capital Partners LLC now owns 6,422 shares of the oil and gas company’s stock valued at $269,000 after buying an additional 1,990 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SLB. Citigroup raised their target price on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Susquehanna dropped their target price on Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Piper Sandler initiated coverage on Schlumberger in a research report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.81.

Schlumberger Stock Down 1.8 %

Shares of SLB opened at $40.07 on Friday. The business’s 50 day moving average is $40.32 and its 200 day moving average is $42.36. The company has a market capitalization of $56.13 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 9.55 and a beta of 1.51. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. Research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.85%. Schlumberger’s payout ratio is presently 35.37%.

Insiders Place Their Bets

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares of the company’s stock, valued at $1,245,799.89. The trade was a 15.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the transaction, the executive vice president now owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 263,782 shares of company stock valued at $11,442,229 in the last quarter. 0.26% of the stock is currently owned by insiders.

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.