Addison Advisors LLC Has $173,000 Holdings in Schlumberger Limited (NYSE:SLB)

Addison Advisors LLC raised its stake in shares of Schlumberger Limited (NYSE:SLB) by 31.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,318 shares of the oil and gas company’s stock after purchasing an additional 790 shares during the quarter. Addison Advisors LLC’s holdings in Schlumberger were worth $173,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new stake in shares of Schlumberger during the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Schlumberger in the 4th quarter worth $26,000. MCF Advisors LLC raised its holdings in Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 461 shares during the period. Janiczek Wealth Management LLC lifted its position in shares of Schlumberger by 1,180.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 602 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Schlumberger by 64.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SLB shares. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Stifel Nicolaus restated a “buy” rating and set a $64.00 target price on shares of Schlumberger in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price target on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Susquehanna reissued a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Finally, BMO Capital Markets cut their price objective on shares of Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger has an average rating of “Moderate Buy” and an average price target of $69.67.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of Schlumberger stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the transaction, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the transaction, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,545 shares of company stock valued at $4,458,430. Company insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 0.5 %

Shares of NYSE SLB traded down $0.24 during trading hours on Friday, reaching $49.20. The stock had a trading volume of 8,250,858 shares, compared to its average volume of 9,808,635. The business’s fifty day moving average price is $51.74 and its two-hundred day moving average price is $52.17. The firm has a market cap of $70.32 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 0.95 and a beta of 1.60. Schlumberger Limited has a 52-week low of $42.73 and a 52-week high of $62.12. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 EPS. Analysts expect that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.275 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a yield of 2.24%. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

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.