Schlumberger Limited (NYSE:SLB) Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 45.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,935 shares of the oil and gas company’s stock after acquiring an additional 7,156 shares during the quarter. Sowell Financial Services LLC’s holdings in Schlumberger were worth $879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SLB. Prospera Private Wealth LLC acquired a new stake in Schlumberger in the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new position in shares of Schlumberger during the 4th quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger in the 4th quarter valued at $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger in the 4th quarter worth $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schlumberger in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction 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 represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares of the company’s stock, valued at $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock valued at $12,546,660 over the last 90 days. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SLB shares. Barclays dropped their target price on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Jefferies Financial Group lowered their price objective on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a report on Tuesday, January 21st. TD Cowen lifted their price target on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus reduced 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. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Stock Down 0.6 %

Shares of NYSE SLB opened at $41.14 on Tuesday. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The company has a market capitalization of $55.94 billion, a P/E ratio of 13.23, a P/E/G ratio of 10.10 and a beta of 1.47. The company has a 50 day simple moving average of $40.80 and a 200-day simple moving average of $41.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.77%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio is presently 36.66%.

Schlumberger Company 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.