Schlumberger Limited (NYSE:SLB) Shares Acquired by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. raised its stake in Schlumberger Limited (NYSE:SLB) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,291 shares of the oil and gas company’s stock after buying an additional 4,750 shares during the period. SS&H Financial Advisors Inc.’s holdings in Schlumberger were worth $1,622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its holdings in shares of Schlumberger by 50.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,133 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 2,063 shares during the period. Envestnet Asset Management Inc. grew its position in Schlumberger by 10.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 927,875 shares of the oil and gas company’s stock worth $43,777,000 after purchasing an additional 87,236 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Schlumberger by 40.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 17,990 shares of the oil and gas company’s stock valued at $849,000 after purchasing an additional 5,179 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Schlumberger by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,067,465 shares of the oil and gas company’s stock valued at $333,445,000 after purchasing an additional 915,705 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its position in shares of Schlumberger by 21.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 11,847 shares of the oil and gas company’s stock worth $559,000 after buying an additional 2,061 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SLB shares. Bank of America reduced their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Dbs Bank started coverage on shares of Schlumberger in a report on Wednesday, September 18th. They set a “buy” rating and a $64.50 price target for the company. Wells Fargo & Company dropped their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays dropped their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus target price of $56.58.

Schlumberger Trading Up 0.3 %

Shares of SLB stock opened at $39.95 on Wednesday. The company has a market capitalization of $56.42 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.42 and a beta of 1.52. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $40.95 and a 200 day moving average price of $42.95.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Schlumberger’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts forecast that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.75%. The ex-dividend date was Wednesday, December 4th. Schlumberger’s payout ratio is presently 35.37%.

Insider Buying and Selling at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares of the company’s stock, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.