Union Bancaire Privee UBP SA Buys New Shares in Schlumberger Limited (NYSE:SLB)

Union Bancaire Privee UBP SA purchased a new stake in Schlumberger Limited (NYSE:SLB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,034 shares of the oil and gas company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new position in shares of Schlumberger in the 3rd quarter valued at $29,000. YANKCOM Partnership bought a new stake in Schlumberger in the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter worth about $34,000. Finally, Ashton Thomas Securities LLC bought a new position in Schlumberger during the third quarter worth about $37,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Performance

Schlumberger stock opened at $41.51 on Tuesday. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The company’s 50-day moving average is $40.23 and its two-hundred day moving average is $41.87. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market cap of $56.45 billion, a PE ratio of 13.35, a PEG ratio of 10.10 and a beta of 1.51.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period in the prior year, the business posted $0.86 earnings per share. Schlumberger’s revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.75%. Schlumberger’s payout ratio is 36.66%.

Analyst Ratings Changes

A number of analysts have weighed in on SLB shares. Jefferies Financial Group lowered their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. TD Cowen boosted their target price on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Citigroup raised their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.81.

Insider Activity at Schlumberger

In other news, VP Ugo Prechner sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares of the company’s stock, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 263,782 shares of company stock worth $11,442,229. 0.26% of the stock is owned by insiders.

About Schlumberger

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.