FAS Wealth Partners Inc. Has $2.03 Million Holdings in Schlumberger Limited (NYSE:SLB)

FAS Wealth Partners Inc. grew its position in Schlumberger Limited (NYSE:SLBFree Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,923 shares of the oil and gas company’s stock after purchasing an additional 3,396 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Schlumberger were worth $2,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Oklahoma acquired a new position in shares of Schlumberger in the fourth quarter valued at approximately $283,000. State of Michigan Retirement System grew its position in shares of Schlumberger by 0.4% in the fourth quarter. State of Michigan Retirement System now owns 391,038 shares of the oil and gas company’s stock valued at $20,350,000 after purchasing an additional 1,400 shares during the last quarter. Zimmermann Investment Management & Planning LLC acquired a new position in shares of Schlumberger in the fourth quarter valued at approximately $264,000. Parsons Capital Management Inc. RI grew its position in shares of Schlumberger by 9.9% in the fourth quarter. Parsons Capital Management Inc. RI now owns 21,135 shares of the oil and gas company’s stock valued at $1,100,000 after purchasing an additional 1,896 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its position in shares of Schlumberger by 1.5% in the fourth quarter. Osborne Partners Capital Management LLC now owns 198,896 shares of the oil and gas company’s stock valued at $10,351,000 after purchasing an additional 2,987 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Down 1.0 %

Shares of SLB opened at $54.67 on Wednesday. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The stock has a market capitalization of $78.04 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 0.99 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The stock has a fifty day moving average of $50.69 and a 200-day moving average of $52.99.

Schlumberger (NYSE:SLBGet Free Report) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. Schlumberger’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.54 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Schlumberger’s payout ratio is 34.25%.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the sale, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the sale, the vice president now directly owns 31,198 shares in the company, valued at approximately $1,623,855.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock worth $8,636,322 over the last three months. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SLB shares. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price target on shares of Schlumberger in a research report on Thursday, February 8th. Barclays reduced their price target on Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. Stifel Nicolaus increased their price target on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research report on Monday. Finally, Susquehanna reissued a “positive” rating and set a $77.00 price target on shares of Schlumberger in a research report on Tuesday, February 13th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus price target of $70.87.

Get Our Latest Analysis on SLB

About Schlumberger

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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