Schlumberger Limited (NYSE:SLB) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 180.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,916 shares of the oil and gas company’s stock after acquiring an additional 9,593 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Schlumberger were worth $776,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Schlumberger by 33.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 125,099 shares of the oil and gas company’s stock valued at $7,293,000 after purchasing an additional 31,303 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Schlumberger by 24.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 337,251 shares of the oil and gas company’s stock valued at $19,662,000 after buying an additional 67,243 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Schlumberger by 28.9% during the third quarter. Stratos Wealth Partners LTD. now owns 19,680 shares of the oil and gas company’s stock worth $1,147,000 after buying an additional 4,417 shares during the period. Independent Advisor Alliance increased its position in shares of Schlumberger by 2.7% during the third quarter. Independent Advisor Alliance now owns 8,028 shares of the oil and gas company’s stock valued at $468,000 after acquiring an additional 208 shares during the last quarter. Finally, Sage Mountain Advisors LLC raised its stake in shares of Schlumberger by 6.0% in the 3rd quarter. Sage Mountain Advisors LLC now owns 6,438 shares of the oil and gas company’s stock valued at $375,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. BMO Capital Markets dropped their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. TD Cowen lowered their target price on Schlumberger from $64.00 to $63.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Benchmark reiterated a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Schlumberger presently has an average rating of “Moderate Buy” and a consensus target price of $68.72.

Insider Buying and Selling

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

Schlumberger Trading Up 0.2 %

NYSE SLB opened at $47.66 on Friday. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The firm has a 50 day moving average of $51.63 and a two-hundred day moving average of $51.79. The stock has a market capitalization of $68.12 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm 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 company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, research analysts expect that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

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.