Financial Management Professionals Inc. Raises Holdings in Schlumberger Limited (NYSE:SLB)

Financial Management Professionals Inc. boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 139.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,384 shares of the oil and gas company’s stock after purchasing an additional 7,805 shares during the quarter. Financial Management Professionals Inc.’s holdings in Schlumberger were worth $734,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SLB. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at about $26,000. Register Financial Advisors LLC acquired a new stake in shares of Schlumberger in the 1st quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at about $32,000. Janiczek Wealth Management LLC boosted its position in shares of Schlumberger by 1,180.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 602 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its position in Schlumberger by 64.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other Schlumberger news, insider Bejar Carmen Rando sold 4,980 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the completion of the sale, the insider now directly owns 22,518 shares in the company, valued at $977,956.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Schlumberger news, insider Bejar Carmen Rando sold 4,980 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the completion of the sale, the insider now directly owns 22,518 shares in the company, valued at $977,956.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total value of $1,838,647.24. Following the completion of the sale, the insider now owns 45,851 shares of the company’s stock, valued at $2,213,686.28. The disclosure for this sale can be found here. Insiders sold 106,158 shares of company stock worth $5,099,893 over the last ninety days. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on Schlumberger from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Friday. Benchmark reissued a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research report on Tuesday. BMO Capital Markets decreased their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Finally, Barclays reduced their target price on Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.59.

Schlumberger Stock Up 0.4 %

Shares of NYSE SLB opened at $47.18 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. The firm has a market cap of $67.44 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.90 and a beta of 1.57. Schlumberger Limited has a 1 year low of $42.61 and a 1 year high of $62.12. The stock’s 50-day simple moving average is $46.69 and its 200-day simple moving average is $49.60.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, equities analysts anticipate that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.33%. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 5th. Schlumberger’s dividend payout ratio 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.