Wagner Wealth Management LLC Increases Stake in Schlumberger Limited (NYSE:SLB)

Wagner Wealth Management LLC boosted its position in shares of Schlumberger Limited (NYSE:SLBFree Report) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,292 shares of the oil and gas company’s stock after purchasing an additional 264 shares during the period. Wagner Wealth Management LLC’s holdings in Schlumberger were worth $484,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Landmark Financial Advisors LLC grew its position in Schlumberger by 3.6% during the 3rd quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock valued at $282,000 after purchasing an additional 170 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its stake in Schlumberger by 1.4% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock valued at $698,000 after acquiring an additional 171 shares during the period. Bryn Mawr Capital Management LLC lifted its stake in Schlumberger by 0.8% during the 2nd quarter. Bryn Mawr Capital Management LLC now owns 21,889 shares of the oil and gas company’s stock valued at $1,075,000 after acquiring an additional 176 shares during the period. Miller Howard Investments Inc. NY lifted its stake in Schlumberger by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after acquiring an additional 176 shares during the period. Finally, Stonegate Investment Group LLC lifted its stake in Schlumberger by 1.7% during the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after acquiring an additional 177 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Trading Down 0.2 %

Shares of SLB opened at $54.81 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.12. The company has a 50 day simple moving average of $50.60 and a two-hundred day simple moving average of $53.15. The firm has a market cap of $78.24 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59.

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

Schlumberger Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is presently 34.25%.

Insider Activity at Schlumberger

In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Abdellah Merad sold 50,000 shares of the firm’s 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 owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SLB. Benchmark restated a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research note on Monday, March 4th. Wells Fargo & Company increased their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Susquehanna reiterated a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Schlumberger in a research note on Thursday, February 8th. Finally, Stifel Nicolaus increased their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.87.

View Our Latest Stock Report on Schlumberger

Schlumberger Profile

(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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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