Simon Quick Advisors LLC Boosts Holdings in Schlumberger Limited (NYSE:SLB)

Simon Quick Advisors LLC raised its stake in shares of Schlumberger Limited (NYSE:SLB) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,344 shares of the oil and gas company’s stock after buying an additional 396 shares during the quarter. Simon Quick Advisors LLC’s holdings in Schlumberger were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sei Investments Co. grew its position in shares of Schlumberger by 1.8% during the second quarter. Sei Investments Co. now owns 392,899 shares of the oil and gas company’s stock valued at $18,537,000 after purchasing an additional 6,998 shares in the last quarter. Fred Alger Management LLC grew its holdings in Schlumberger by 116.1% during the 2nd quarter. Fred Alger Management LLC now owns 138,559 shares of the oil and gas company’s stock valued at $6,537,000 after buying an additional 74,451 shares in the last quarter. AXA S.A. increased its stake in Schlumberger by 10.6% in the 2nd quarter. AXA S.A. now owns 981,406 shares of the oil and gas company’s stock worth $43,133,000 after acquiring an additional 94,265 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Schlumberger by 26.4% during the 2nd quarter. AQR Capital Management LLC now owns 557,533 shares of the oil and gas company’s stock worth $26,210,000 after acquiring an additional 116,284 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Schlumberger by 8.4% during the 2nd quarter. APG Asset Management N.V. now owns 150,796 shares of the oil and gas company’s stock valued at $6,638,000 after acquiring an additional 11,735 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Up 0.9 %

Shares of NYSE:SLB opened at $41.99 on Friday. 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 $59.29 billion, a PE ratio of 13.50, a P/E/G ratio of 3.58 and a beta of 1.52. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The business’s fifty day simple moving average is $40.79 and its 200-day simple moving average is $42.79.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9,241,140 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts predict that Schlumberger Limited will post 3.33 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company 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. This represents a $1.14 annualized dividend and a yield of 2.72%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio (DPR) is 35.37%.

Insiders Place Their Bets

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the sale, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,258 shares of company stock valued at $8,732,604. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SLB has been the topic of several research reports. Barclays reduced their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Bank of America dropped their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, October 14th. Evercore ISI reiterated an “in-line” rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. 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, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $55.81.

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.