Cetera Investment Advisers Buys 5,259 Shares of Schlumberger Limited (NYSE:SLB)

Cetera Investment Advisers increased its stake in Schlumberger Limited (NYSE:SLB) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,587 shares of the oil and gas company’s stock after buying an additional 5,259 shares during the quarter. Cetera Investment Advisers’ holdings in Schlumberger were worth $8,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Schlumberger in the 4th quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger in the 4th quarter worth about $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger in the fourth quarter worth about $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Schlumberger by 468.9% during the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 844 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SLB. 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 note on Monday, April 28th. Wells Fargo & Company upgraded Schlumberger from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Jefferies Financial Group lowered their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.32.

Schlumberger Trading Up 0.6%

Shares of NYSE:SLB opened at $34.51 on Monday. The company has a market capitalization of $46.94 billion, a PE ratio of 11.10, a P/E/G ratio of 10.10 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The business’s fifty day simple moving average is $37.18 and its 200-day simple moving average is $39.73.

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

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.30%. Schlumberger’s payout ratio is 38.64%.

Insider Buying and Selling at Schlumberger

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

Schlumberger Company 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.