1,209 Shares in Schlumberger Limited (NYSE:SLB) Purchased by J.Safra Asset Management Corp

J.Safra Asset Management Corp acquired a new position in shares of Schlumberger Limited (NYSE:SLB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,209 shares of the oil and gas company’s stock, valued at approximately $46,000.

Several other institutional investors have also recently bought and sold shares of SLB. Stephens Inc. AR raised its stake in Schlumberger by 37.3% during the third quarter. Stephens Inc. AR now owns 14,035 shares of the oil and gas company’s stock worth $589,000 after acquiring an additional 3,812 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Schlumberger by 24.9% during the third quarter. Janney Montgomery Scott LLC now owns 261,421 shares of the oil and gas company’s stock worth $10,967,000 after acquiring an additional 52,134 shares in the last quarter. QRG Capital Management Inc. raised its stake in Schlumberger by 6.5% during the third quarter. QRG Capital Management Inc. now owns 44,582 shares of the oil and gas company’s stock worth $1,870,000 after acquiring an additional 2,713 shares in the last quarter. PDS Planning Inc acquired a new position in Schlumberger during the third quarter worth about $206,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Schlumberger during the third quarter worth about $200,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Price Performance

Schlumberger stock opened at $39.47 on Thursday. The stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69. The stock’s 50 day moving average price is $40.62 and its two-hundred day moving average price is $41.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. On average, equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio is presently 36.66%.

Insiders Place Their Bets

In related news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the transaction, the insider now owns 53,584 shares in the company, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 290,772 shares of company stock worth $12,546,660. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLB. TD Cowen boosted their target price on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

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.