Schlumberger Limited (NYSE:SLB) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,993 shares of the oil and gas company’s stock after purchasing an additional 59,571 shares during the quarter. Natixis Advisors LLC’s holdings in Schlumberger were worth $17,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in Schlumberger during the 3rd quarter valued at approximately $29,000. YANKCOM Partnership bought a new stake in Schlumberger during the 4th quarter valued at $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger during the 4th quarter valued at $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the 4th quarter valued at $34,000. Finally, Hager Investment Management Services LLC bought a new stake in Schlumberger during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Performance

Shares of NYSE SLB opened at $41.11 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $55.90 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 10.10 and a beta of 1.47. The stock’s fifty day simple moving average is $41.04 and its 200 day simple moving average is $41.44. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.24 billion. During the same period in the previous year, the firm posted $0.86 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.77%. Schlumberger’s payout ratio is currently 36.66%.

Insider Activity

In other Schlumberger 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 value of $5,427,346.73. Following the transaction, the executive vice president now owns 184,626 shares in the company, valued at $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $1,098,500.00. Following the completion of the transaction, the director now owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SLB. Citigroup lifted their target price on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. BMO Capital Markets cut their target price on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. TD Cowen lifted their target price on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Barclays dropped their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.81.

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.