Schlumberger Limited (NYSE:SLB) Stock Holdings Raised by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC grew its stake in Schlumberger Limited (NYSE:SLB) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,231 shares of the oil and gas company’s stock after purchasing an additional 1,512 shares during the period. Premier Path Wealth Partners LLC’s holdings in Schlumberger were worth $392,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. ORG Partners LLC increased its holdings in Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 484 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Schlumberger in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schlumberger during the 3rd quarter valued at approximately $37,000. DiNuzzo Private Wealth Inc. lifted its stake in Schlumberger by 1,068.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP acquired a new position in Schlumberger in the third quarter worth $47,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Up 6.1 %

Shares of NYSE:SLB opened at $43.58 on Friday. The company has a 50 day moving average of $40.86 and a 200-day moving average of $42.90. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market cap of $61.54 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.52. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9,241,140 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is presently 35.37%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Schlumberger in a report on Thursday, October 3rd. TD Cowen cut their price target on Schlumberger from $65.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays lowered their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.03.

Insiders Place Their Bets

In related news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. The trade was a 22.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company 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.