O Shaughnessy Asset Management LLC Increases Stock Position in Schlumberger Limited (NYSE:SLB)

O Shaughnessy Asset Management LLC boosted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,169 shares of the oil and gas company’s stock after buying an additional 16,704 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Schlumberger were worth $5,259,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Holowesko Partners Ltd. boosted its holdings in shares of Schlumberger by 82.1% in the 4th quarter. Holowesko Partners Ltd. now owns 356,200 shares of the oil and gas company’s stock valued at $13,657,000 after buying an additional 160,600 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in Schlumberger by 133.6% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 163,532 shares of the oil and gas company’s stock valued at $6,270,000 after acquiring an additional 93,541 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Schlumberger by 43,028.0% in the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company’s stock valued at $101,708,000 after acquiring an additional 2,646,653 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in Schlumberger in the fourth quarter worth $34,176,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Schlumberger during the 4th quarter valued at $86,000. Institutional investors own 81.99% of the company’s stock.

Insider Activity

In related news, EVP Mogharbel Khaled Al sold 123,097 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock worth $13,609,283 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Stock Performance

SLB opened at $42.11 on Wednesday. The firm has a fifty day moving average price of $41.22 and a 200 day moving average price of $41.50. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.65. The stock has a market cap of $57.27 billion, a P/E ratio of 13.54, a P/E/G ratio of 10.10 and a beta of 1.47. 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 issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed 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 a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio (DPR) is presently 36.66%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets cut their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company cut their price target on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average price target of $55.69.

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.