Banco BTG Pactual S.A. Increases Stock Position in Schlumberger Limited (NYSE:SLB)

Banco BTG Pactual S.A. lifted its holdings in Schlumberger Limited (NYSE:SLB) by 27.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,495 shares of the oil and gas company’s stock after buying an additional 5,480 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Schlumberger were worth $979,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SLB. YANKCOM Partnership bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the 4th quarter valued at approximately $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger during the fourth quarter valued at $34,000. Hager Investment Management Services LLC bought a new stake in Schlumberger in the fourth quarter worth $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 844 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Up 1.4 %

SLB opened at $42.30 on Wednesday. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The firm’s 50 day simple moving average is $41.27 and its two-hundred day simple moving average is $41.42. 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 capitalization of $57.52 billion, a PE ratio of 13.60, a PEG ratio of 10.10 and a beta of 1.47.

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 the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for 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%. Schlumberger’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. As a group, equities analysts forecast that Schlumberger Limited will post 3.38 EPS for the current 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 $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.70%. This is a positive change 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 is currently 36.66%.

Insiders Place Their Bets

In other news, insider Gavin Rennick sold 26,990 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This trade represents a 33.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the company’s stock in a transaction on 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Citigroup increased their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group reduced their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.