Peddock Capital Advisors LLC acquired a new position in Schlumberger Limited. (NYSE:SLB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,400 shares of the oil and gas company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fulcrum Capital LLC bought a new stake in Schlumberger during the 3rd quarter valued at approximately $7,301,000. Doyle Wealth Management bought a new stake in Schlumberger during the 2nd quarter valued at approximately $33,000. AllSquare Wealth Management LLC bought a new stake in Schlumberger during the 3rd quarter valued at approximately $37,000. Acima Private Wealth LLC raised its stake in Schlumberger by 34.1% during the 3rd quarter. Acima Private Wealth LLC now owns 1,239 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 315 shares during the period. Finally, Savior LLC bought a new stake in Schlumberger during the 4th quarter valued at approximately $51,000. 76.52% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Patrick Schorn sold 65,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $35.89, for a total transaction of $2,332,850.00. Following the completion of the transaction, the executive vice president now owns 50,000 shares in the company, valued at approximately $1,794,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mogharbel Khaled Al sold 21,385 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.07, for a total value of $792,741.95. Following the transaction, the executive vice president now owns 69,872 shares of the company’s stock, valued at approximately $2,590,155.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,735 shares of company stock valued at $3,594,864. 0.48% of the stock is owned by company insiders.

Shares of Schlumberger stock traded down $1.02 on Friday, reaching $35.41. The company had a trading volume of 408,671 shares, compared to its average volume of 10,403,975. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of -4.83, a P/E/G ratio of 2.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.95. The firm’s 50-day moving average price is $39.13 and its two-hundred day moving average price is $36.40. Schlumberger Limited. has a 1 year low of $30.65 and a 1 year high of $48.88.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $8.23 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Schlumberger had a positive return on equity of 6.77% and a negative net margin of 30.80%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, analysts anticipate that Schlumberger Limited. will post 1.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Tuesday, February 11th. Schlumberger’s payout ratio is currently 136.05%.

A number of analysts have issued reports on SLB shares. Deutsche Bank started coverage on Schlumberger in a research note on Wednesday, November 27th. They issued a “buy” rating and a $42.00 price objective on the stock. Tudor Pickering raised Schlumberger from a “sell” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, November 20th. Citigroup lifted their price objective on Schlumberger from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on Schlumberger from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, ValuEngine raised Schlumberger from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.71.

About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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