Ellerson Group Inc. ADV Has $3.29 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Ellerson Group Inc. ADV lessened its stake in Schlumberger Limited (NYSE:SLB) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,300 shares of the oil and gas company’s stock after selling 545 shares during the quarter. Schlumberger comprises approximately 2.9% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 14th biggest holding. Ellerson Group Inc. ADV’s holdings in Schlumberger were worth $3,294,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Schlumberger by 33.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 125,099 shares of the oil and gas company’s stock worth $7,293,000 after buying an additional 31,303 shares in the last quarter. Dakota Wealth Management boosted its holdings in Schlumberger by 10.7% in the third quarter. Dakota Wealth Management now owns 8,270 shares of the oil and gas company’s stock valued at $482,000 after acquiring an additional 801 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Schlumberger by 24.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 337,251 shares of the oil and gas company’s stock worth $19,662,000 after purchasing an additional 67,243 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Schlumberger by 28.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 19,680 shares of the oil and gas company’s stock worth $1,147,000 after purchasing an additional 4,417 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its position in Schlumberger by 3.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,870 shares of the oil and gas company’s stock valued at $750,000 after purchasing an additional 468 shares during the period. 81.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SLB has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research report on Monday, April 22nd. Barclays lowered their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Royal Bank of Canada increased their price target on Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. TD Cowen decreased their price objective on Schlumberger from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, HSBC reissued a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.72.

Schlumberger Stock Up 0.2 %

Shares of Schlumberger stock traded up $0.08 on Friday, hitting $47.66. The company had a trading volume of 11,007,407 shares, compared to its average volume of 9,961,223. The stock has a 50-day moving average of $51.63 and a 200-day moving average of $51.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. The firm has a market capitalization of $68.12 billion, a P/E ratio of 15.83, a P/E/G ratio of 0.92 and a beta of 1.64.

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

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.31%. Schlumberger’s dividend payout ratio (DPR) is presently 36.54%.

Insider Activity at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of the transaction, the chief financial officer now owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of the transaction, the chief financial officer now owns 242,932 shares in the company, valued at $11,816,212.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction dated 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 $12,688,319.64. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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.