Schlumberger Limited (NYSE:SLB) Holdings Boosted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Schlumberger Limited (NYSE:SLB) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 629,673 shares of the oil and gas company’s stock after acquiring an additional 35,769 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Schlumberger were worth $32,724,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in shares of Schlumberger during the third quarter valued at approximately $25,000. MCF Advisors LLC raised its holdings in shares of Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 461 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in shares of Schlumberger during the third quarter valued at approximately $31,000. Coppell Advisory Solutions LLC bought a new stake in shares of Schlumberger during the second quarter valued at approximately $27,000. Finally, Global Trust Asset Management LLC raised its holdings in shares of Schlumberger by 51.5% during the third quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

SLB has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Benchmark reiterated a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a research note on Wednesday, April 3rd. Royal Bank of Canada raised their price objective on shares of Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Finally, Stifel Nicolaus raised their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.80.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the completion of the sale, the executive vice president now owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the sale, the executive vice president now owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock valued at $8,636,322 in the last quarter. Company insiders own 0.26% of the company’s stock.

Schlumberger Trading Up 1.4 %

Schlumberger stock opened at $55.03 on Monday. The company has a 50 day moving average price of $50.92 and a 200 day moving average price of $52.83. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The firm has a market capitalization of $78.55 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 0.99 and a beta of 1.60.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The firm had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Research analysts forecast that Schlumberger Limited will post 3.54 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is currently 34.25%.

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.