Laidlaw Wealth Management LLC Purchases 305 Shares of Schlumberger Limited (NYSE:SLB)

Laidlaw Wealth Management LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,085 shares of the oil and gas company’s stock after purchasing an additional 305 shares during the period. Laidlaw Wealth Management LLC’s holdings in Schlumberger were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $29,000. YANKCOM Partnership bought a new position in shares of Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new position in shares of Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the 4th quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $37,000. 81.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the transaction, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock worth $11,442,229 in the last quarter. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SLB. Wells Fargo & Company cut their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. BMO Capital Markets lowered their target price on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus lowered their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Stock Up 2.1 %

SLB stock opened at $42.63 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market capitalization of $59.71 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 9.90 and a beta of 1.51. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The stock has a fifty day moving average of $40.12 and a 200-day moving average of $41.91.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.67%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

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.