Exencial Wealth Advisors LLC Increases Stake in Schlumberger Limited (NYSE:SLB)

Exencial Wealth Advisors LLC grew its holdings in Schlumberger Limited (NYSE:SLB) by 23.1% during the 4th quarter, Holdings Channel reports. The fund owned 7,996 shares of the oil and gas company’s stock after buying an additional 1,500 shares during the period. Exencial Wealth Advisors LLC’s holdings in Schlumberger were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Prospera Private Wealth LLC purchased a new position in Schlumberger during the third quarter valued at $29,000. YANKCOM Partnership bought a new position in shares of Schlumberger in the fourth quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger during the 4th quarter valued at about $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the 4th quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Schlumberger in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In related news, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock worth $12,546,660 over the last three months. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SLB has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Citigroup lifted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada restated an “outperform” rating and issued a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Finally, Piper Sandler started coverage on Schlumberger in a research report on Thursday, December 19th. They set a “neutral” rating and a $47.00 target price for the company. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Schlumberger Price Performance

SLB opened at $39.75 on Friday. The business has a fifty day moving average of $40.66 and a 200 day moving average of $41.69. The stock has a market cap of $54.06 billion, a P/E ratio of 12.78, a PEG ratio of 10.10 and a beta of 1.47. 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 52-week low of $36.52 and a 52-week high of $55.69.

Schlumberger (NYSE:SLB) last posted 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. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company 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 2.87%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is currently 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.