Schlumberger Limited (NYSE:SLB) Position Boosted by Oakworth Capital Inc.

Oakworth Capital Inc. boosted its position in Schlumberger Limited (NYSE:SLB) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,276 shares of the oil and gas company’s stock after buying an additional 380 shares during the quarter. Oakworth Capital Inc.’s holdings in Schlumberger were worth $87,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLB. YANKCOM Partnership acquired a new position in shares of Schlumberger in the 4th quarter worth approximately $31,000. Tyche Wealth Partners LLC bought a new position in Schlumberger during the fourth quarter worth $274,000. Massachusetts Wealth Management boosted its holdings in Schlumberger by 0.6% in the fourth quarter. Massachusetts Wealth Management now owns 49,742 shares of the oil and gas company’s stock worth $1,907,000 after purchasing an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Schlumberger by 29.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 113,212 shares of the oil and gas company’s stock valued at $4,279,000 after purchasing an additional 25,911 shares during the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth $38,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity

In other news, insider Bejar Carmen Rando sold 5,524 shares of the 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 owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the sale, the vice president now directly owns 11,240 shares of the company’s stock, valued at approximately $496,808. This represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 263,782 shares of company stock worth $11,442,229. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Piper Sandler started coverage on shares of Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price target for the company. Citigroup upped their target price on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company cut their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Evercore ISI restated an “in-line” rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $40.07 on Friday. The stock’s 50 day moving average price is $40.32 and its 200 day moving average price is $42.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock has a market cap of $56.13 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 9.55 and a beta of 1.51. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate 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. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.85%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is presently 35.37%.

Schlumberger 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.