Jeppson Wealth Management LLC Has $232,000 Stock Position in Schlumberger Limited (NYSE:SLB)

Jeppson Wealth Management LLC raised its holdings in shares of Schlumberger Limited (NYSE:SLB) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,055 shares of the oil and gas company’s stock after buying an additional 1,120 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Schlumberger were worth $232,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SLB. ORG Partners LLC raised its stake in Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Schlumberger during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schlumberger in the third quarter valued at $37,000. DiNuzzo Private Wealth Inc. lifted its position in Schlumberger by 1,068.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 876 shares during the period. Finally, J. Stern & Co. LLP bought a new stake in shares of Schlumberger during the 3rd quarter valued at $47,000. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

SLB has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. BMO Capital Markets reduced their price target on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Jefferies Financial Group lowered their price objective on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

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 shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the sale, the executive vice president now directly owns 184,626 shares of the company’s stock, valued at $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm’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 transaction, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,258 shares of company stock worth $8,732,604. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

Shares of SLB stock opened at $42.55 on Tuesday. The firm has a 50 day moving average of $40.74 and a 200-day moving average of $42.72. The company has a market cap of $60.08 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 9.98 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69.

Schlumberger (NYSE:SLB) last posted its quarterly 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 analysts’ expectations of $9,241,140 billion. During the same period last year, the company posted $0.86 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Schlumberger Limited will post 3.34 earnings per share for the current 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 dividend of $0.285 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is 35.37%.

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.