Delphi Management Inc. MA Purchases 4,755 Shares of Schlumberger Limited (NYSE:SLB)

Delphi Management Inc. MA lifted its position in Schlumberger Limited (NYSE:SLB) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,334 shares of the oil and gas company’s stock after buying an additional 4,755 shares during the period. Delphi Management Inc. MA’s holdings in Schlumberger were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in shares of Schlumberger in the third quarter worth approximately $29,000. YANKCOM Partnership bought a new position in Schlumberger during the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $34,000. Finally, Hager Investment Management Services LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $38,000. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the sale, 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 ninety days, insiders have sold 290,772 shares of company stock worth $12,546,660. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SLB. Barclays lowered their price objective 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. Piper Sandler began coverage on shares of Schlumberger in a research report on Thursday, December 19th. They set a “neutral” rating and a $47.00 price objective on the stock. Atb Cap Markets downgraded shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, BMO Capital Markets reduced their target price on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Schlumberger Stock Up 0.8 %

Shares of SLB stock opened at $41.42 on Tuesday. The company has a market capitalization of $56.32 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company’s fifty day moving average price is $41.00 and its 200-day moving average price is $41.46. 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 announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Sell-side analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business 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 $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s payout ratio is currently 36.66%.

About Schlumberger

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.