Hennessy Advisors Inc. grew its position in shares of Schlumberger (NYSE:SLB) by 706.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,100 shares of the oil and gas company’s stock after purchasing an additional 69,287 shares during the quarter. Hennessy Advisors Inc.’s holdings in Schlumberger were worth $5,124,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Delek Group Ltd. acquired a new stake in shares of Schlumberger during the fourth quarter valued at about $100,000. FNY Partners Fund LP bought a new position in shares of Schlumberger during the fourth quarter worth about $101,000. Rational Advisors LLC bought a new position in shares of Schlumberger during the fourth quarter worth about $108,000. American Research & Management Co. raised its position in shares of Schlumberger by 81.1% during the fourth quarter. American Research & Management Co. now owns 1,731 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 775 shares during the last quarter. Finally, Delpha Capital Management LLC bought a new position in shares of Schlumberger during the fourth quarter worth about $119,000. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on SLB shares. Barclays set a $70.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Saturday, March 24th. Zacks Investment Research downgraded Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. UBS set a $95.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley set a $81.00 price objective on Schlumberger and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, SunTrust Banks upgraded Schlumberger from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $79.80.

In other news, CEO Paal Kibsgaard acquired 10,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was purchased at an average price of $64.68 per share, for a total transaction of $646,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick Schorn acquired 5,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The shares were purchased at an average price of $64.79 per share, with a total value of $323,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 18,000 shares of company stock valued at $1,163,650. Corporate insiders own 0.48% of the company’s stock.

Shares of SLB stock opened at $74.43 on Friday. The company has a market capitalization of $99.18 billion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 5.81 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. Schlumberger has a fifty-two week low of $71.60 and a fifty-two week high of $72.42.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 20th. The oil and gas company reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.79 billion. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. research analysts anticipate that Schlumberger will post 2.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Wednesday, June 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.69%. Schlumberger’s dividend payout ratio is 133.33%.

Schlumberger Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger (NYSE:SLB).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.