Patron Partners LLC Has $326,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Patron Partners LLC increased its holdings in Schlumberger Limited (NYSE:SLB) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,498 shares of the oil and gas company’s stock after acquiring an additional 297 shares during the period. Patron Partners LLC’s holdings in Schlumberger were worth $326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Czech National Bank grew its stake in shares of Schlumberger by 6.2% in the 3rd quarter. Czech National Bank now owns 289,269 shares of the oil and gas company’s stock valued at $12,135,000 after buying an additional 16,919 shares in the last quarter. Quent Capital LLC boosted its holdings in Schlumberger by 31.3% in the third quarter. Quent Capital LLC now owns 1,509 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Schlumberger by 7.0% in the 3rd quarter. GAMMA Investing LLC now owns 15,870 shares of the oil and gas company’s stock valued at $666,000 after acquiring an additional 1,042 shares in the last quarter. Diversified Trust Co lifted its holdings in Schlumberger by 12.4% in the 3rd quarter. Diversified Trust Co now owns 18,013 shares of the oil and gas company’s stock worth $756,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in Schlumberger by 26.1% during the third quarter. Miracle Mile Advisors LLC now owns 113,976 shares of the oil and gas company’s stock worth $4,781,000 after purchasing an additional 23,567 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Activity

In other news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now directly owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 263,782 shares of company stock valued at $11,442,229. Company insiders own 0.26% of the company’s stock.

Schlumberger Stock Down 0.3 %

Shares of SLB stock opened at $40.16 on Tuesday. The company has a market capitalization of $56.26 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 9.55 and a beta of 1.51. 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 12-month low of $36.52 and a 12-month high of $55.69. The firm has a fifty day moving average of $40.49 and a 200-day moving average of $42.49.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same period last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.84%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SLB shares. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Bank of America dropped their target price on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

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.