Schlumberger Limited (NYSE:SLB) Shares Bought by Xponance Inc.

Xponance Inc. boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,501 shares of the oil and gas company’s stock after acquiring an additional 13,769 shares during the quarter. Xponance Inc.’s holdings in Schlumberger were worth $9,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SLB. BluePath Capital Management LLC acquired a new stake in Schlumberger during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC acquired a new stake in Schlumberger during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Schlumberger during the 4th quarter worth approximately $26,000. Coppell Advisory Solutions LLC acquired a new stake in Schlumberger during the 2nd quarter worth approximately $27,000. Finally, MCF Advisors LLC lifted its position in Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 461 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In other news, 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 transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Gavin Rennick sold 20,045 shares of Schlumberger stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.77, for a total value of $977,594.65. Following the transaction, the insider now owns 77,563 shares in the company, valued at $3,782,747.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Abdellah Merad sold 50,000 shares of Schlumberger stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now owns 261,507 shares in the company, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. Insiders have sold 172,191 shares of company stock worth $8,636,322 over the last quarter. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SLB. Royal Bank of Canada increased their target price on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. HSBC reissued a “buy” rating and set a $71.00 target price on shares of Schlumberger in a research note on Thursday, April 4th. Benchmark reissued a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research note on Wednesday, April 3rd. Wells Fargo & Company increased their target price on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, Bank of America increased their target price on Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.31.

Schlumberger Price Performance

NYSE:SLB traded down $0.98 during trading hours on Friday, reaching $49.96. 2,938,567 shares of the company traded hands, compared to its average volume of 11,094,155. The firm’s 50-day moving average is $51.56 and its 200-day moving average is $52.48. The stock has a market cap of $71.31 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.97 and a beta of 1.60. 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.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.70 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. Schlumberger’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. Equities research analysts expect that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.20%. Schlumberger’s dividend payout ratio (DPR) is 37.67%.

About Schlumberger

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.