Dana Investment Advisors Inc. Boosts Stock Position in Schlumberger Limited (NYSE:SLB)

Dana Investment Advisors Inc. raised its position in Schlumberger Limited (NYSE:SLB) by 201.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,023 shares of the oil and gas company’s stock after purchasing an additional 134,445 shares during the period. Dana Investment Advisors Inc.’s holdings in Schlumberger were worth $7,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SLB. Aigen Investment Management LP boosted its position in Schlumberger by 214.5% during the fourth quarter. Aigen Investment Management LP now owns 91,040 shares of the oil and gas company’s stock worth $3,490,000 after acquiring an additional 62,089 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Schlumberger during the 4th quarter worth $209,000. Assetmark Inc. boosted its holdings in shares of Schlumberger by 14.6% during the fourth quarter. Assetmark Inc. now owns 43,785 shares of the oil and gas company’s stock worth $1,679,000 after purchasing an additional 5,572 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in Schlumberger in the fourth quarter valued at $46,000. Finally, Victory Capital Management Inc. lifted its position in Schlumberger by 63.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,335,250 shares of the oil and gas company’s stock worth $51,193,000 after buying an additional 517,479 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Stock Performance

Schlumberger stock opened at $39.47 on Thursday. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. 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 stock has a market cap of $53.67 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The stock has a 50 day moving average of $40.62 and a 200-day moving average of $41.70.

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, topping the consensus estimate 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 net margin of 12.29% and a return on equity of 21.90%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. On average, analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.89%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

Several research firms have commented on SLB. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Evercore ISI restated an “in-line” rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Barclays lowered their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, TD Cowen increased their target price on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Six 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.81.

Insider Buying and Selling at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares of the company’s stock, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the sale, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 290,772 shares of company stock worth $12,546,660 over the last quarter. 0.26% of the stock is owned by corporate insiders.

Schlumberger 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.