Smartleaf Asset Management LLC Buys 3,121 Shares of Schlumberger Limited (NYSE:SLB)

Smartleaf Asset Management LLC increased its stake in Schlumberger Limited (NYSE:SLB) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,776 shares of the oil and gas company’s stock after purchasing an additional 3,121 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Schlumberger were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SLB. Pacer Advisors Inc. raised its holdings in Schlumberger by 12,289.6% in the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company’s stock worth $500,082,000 after purchasing an additional 12,938,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Schlumberger by 20.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock worth $470,425,000 after purchasing an additional 1,916,851 shares during the period. Scharf Investments LLC bought a new stake in Schlumberger during the fourth quarter valued at about $52,607,000. Van ECK Associates Corp raised its holdings in Schlumberger by 12.7% during the fourth quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company’s stock valued at $310,696,000 after acquiring an additional 915,925 shares during the period. Finally, Weiss Asset Management LP bought a new stake in Schlumberger during the third quarter valued at about $37,322,000. 81.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of recent analyst reports. Evercore ISI reissued an “in-line” rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Jefferies Financial Group decreased their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Citigroup raised their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and an average price target of $55.81.

Insider Buying and Selling

In related news, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares of the company’s stock, valued at $496,808. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock valued at $12,546,660 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 4.4 %

SLB opened at $39.81 on Tuesday. The firm has a market cap of $54.14 billion, a P/E ratio of 12.80, a P/E/G ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $40.56 and a 200 day moving average of $41.76.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS 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 company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.86%. Schlumberger’s payout ratio is 36.66%.

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.