Brown Advisory Inc. Has $48.96 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Brown Advisory Inc. increased its position in shares of Schlumberger Limited (NYSE:SLB) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,276,975 shares of the oil and gas company’s stock after buying an additional 183,972 shares during the quarter. Brown Advisory Inc. owned about 0.09% of Schlumberger worth $48,959,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Schlumberger by 8.0% during the third quarter. Principal Financial Group Inc. now owns 4,487,067 shares of the oil and gas company’s stock valued at $188,232,000 after buying an additional 332,500 shares during the last quarter. Versant Capital Management Inc increased its holdings in Schlumberger by 98.9% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 745 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Schlumberger by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 1,767,647 shares of the oil and gas company’s stock worth $67,772,000 after purchasing an additional 118,074 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Schlumberger by 54.2% in the fourth quarter. CWA Asset Management Group LLC now owns 200,075 shares of the oil and gas company’s stock valued at $7,671,000 after purchasing an additional 70,296 shares in the last quarter. Finally, Bard Financial Services Inc. boosted its position in shares of Schlumberger by 38.1% during the fourth quarter. Bard Financial Services Inc. now owns 7,525 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 2,075 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Susquehanna decreased their price objective on shares of Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price target on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Wells Fargo & Company upgraded Schlumberger from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.32.

Insiders Place Their Bets

In other news, insider Aparna Raman sold 25,133 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. This represents a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the transaction, the insider now owns 53,584 shares in the company, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

NYSE:SLB opened at $33.76 on Tuesday. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. The stock has a fifty day moving average of $37.69 and a 200 day moving average of $39.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm has a market capitalization of $45.92 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.38%. Schlumberger’s dividend payout ratio (DPR) is currently 38.64%.

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.