Sprott Inc. Buys Shares of 6,495 Schlumberger Limited (NYSE:SLB)

Sprott Inc. purchased a new position in Schlumberger Limited (NYSE:SLB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,495 shares of the oil and gas company’s stock, valued at approximately $249,000.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Schlumberger by 4,640.0% during the 3rd quarter. International Assets Investment Management LLC now owns 202,635 shares of the oil and gas company’s stock valued at $8,501,000 after buying an additional 198,360 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Schlumberger by 6.7% in the third quarter. Assenagon Asset Management S.A. now owns 47,548 shares of the oil and gas company’s stock valued at $1,995,000 after acquiring an additional 2,986 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Schlumberger by 27.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,301 shares of the oil and gas company’s stock valued at $3,692,000 after acquiring an additional 18,797 shares during the period. Modera Wealth Management LLC purchased a new position in Schlumberger during the third quarter valued at approximately $235,000. Finally, Vanguard Capital Wealth Advisors increased its holdings in Schlumberger by 36.4% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 13,400 shares of the oil and gas company’s stock worth $562,000 after acquiring an additional 3,576 shares during the period. 81.99% of the stock is owned by institutional investors.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 sale, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

Schlumberger stock opened at $40.53 on Thursday. The firm has a fifty day simple moving average of $40.33 and a two-hundred day simple moving average of $41.85. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The company has a market capitalization of $55.11 billion, a PE ratio of 13.03, a P/E/G ratio of 10.10 and a beta of 1.51.

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, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. Research analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SLB shares. JPMorgan Chase & Co. raised their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Atb Cap Markets lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets decreased their target price on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Evercore ISI reiterated an “in-line” rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, TD Cowen boosted their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

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.