Schlumberger Limited (NYSE:SLB) Shares Purchased by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. boosted its position in shares of Schlumberger Limited (NYSE:SLB) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 152,273 shares of the oil and gas company’s stock after acquiring an additional 2,549 shares during the quarter. Schlumberger comprises 1.6% of Stockman Wealth Management Inc.’s holdings, making the stock its 25th biggest position. Stockman Wealth Management Inc.’s holdings in Schlumberger were worth $7,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. Aspire Private Capital LLC boosted its holdings in shares of Schlumberger by 19.9% in the fourth quarter. Aspire Private Capital LLC now owns 4,456 shares of the oil and gas company’s stock valued at $232,000 after acquiring an additional 740 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Schlumberger by 14.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 133,394 shares of the oil and gas company’s stock valued at $6,942,000 after acquiring an additional 16,867 shares during the last quarter. Mengis Capital Management Inc. increased its stake in Schlumberger by 75.2% in the fourth quarter. Mengis Capital Management Inc. now owns 73,355 shares of the oil and gas company’s stock valued at $3,817,000 after purchasing an additional 31,476 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in shares of Schlumberger by 9.0% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 430,182 shares of the oil and gas company’s stock worth $22,387,000 after acquiring an additional 35,537 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Schlumberger during the 4th quarter valued at $348,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Down 0.7 %

Shares of Schlumberger stock traded down $0.33 on Monday, hitting $49.52. 10,878,790 shares of the company’s stock traded hands, compared to its average volume of 11,278,627. 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 one year low of $42.73 and a one year high of $62.12. The stock has a market capitalization of $70.68 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60. The firm’s 50-day moving average price is $51.64 and its two-hundred day moving average price is $52.32.

Schlumberger (NYSE:SLB) last posted its 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 during the quarter, compared to analysts’ expectations of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. Schlumberger’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. On average, research analysts expect that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

Insider Buying and Selling

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the transaction, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Howard Guild sold 22,853 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total transaction of $1,180,585.98. Following the sale, the chief accounting officer now directly owns 22,181 shares of the company’s stock, valued at approximately $1,145,870.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares in the company, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,191 shares of company stock valued at $8,636,322. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. HSBC reaffirmed a “buy” rating and issued a $71.00 price target on shares of Schlumberger in a report on Thursday, April 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 target price on shares of Schlumberger in a report on Monday. Bank of America decreased their price target on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a report on Monday. 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. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

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.