Savant Capital LLC Reduces Holdings in Schlumberger Limited (NYSE:SLB)

Savant Capital LLC lessened its position in Schlumberger Limited (NYSE:SLB) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,033 shares of the oil and gas company’s stock after selling 358 shares during the quarter. Savant Capital LLC’s holdings in Schlumberger were worth $834,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SLB. BluePath Capital Management LLC purchased a new position in shares of Schlumberger during the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Schlumberger in the fourth quarter worth $26,000. Janiczek Wealth Management LLC lifted its position in shares of Schlumberger by 1,180.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 602 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Schlumberger by 64.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 292 shares during the period. Finally, Legacy Bridge LLC increased its stake in Schlumberger by 39.4% in the 4th quarter. Legacy Bridge LLC now owns 853 shares of the oil and gas company’s stock worth $44,000 after buying an additional 241 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SLB shares. Stifel Nicolaus restated a “buy” rating and issued a $64.00 target price on shares of Schlumberger in a research note on Monday, April 22nd. Susquehanna reiterated a “positive” rating and issued a $77.00 target price on shares of Schlumberger in a report on Monday, April 22nd. Bank of America cut their price target on Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. TD Cowen lowered their price objective on shares of Schlumberger from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $65.00 target price on shares of Schlumberger in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.72.

Schlumberger Stock Performance

Shares of NYSE SLB opened at $47.66 on Friday. The company has a 50 day simple moving average of $51.66 and a two-hundred day simple moving average of $51.87. The stock has a market cap of $68.12 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.92 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, analysts predict that Schlumberger Limited will post 3.51 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be paid a $0.275 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.31%. Schlumberger’s dividend payout ratio is presently 36.54%.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the completion of the transaction, the chief financial officer now owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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.