Saxon Interests Inc. Makes New $206,000 Investment in Schlumberger Limited (NYSE:SLB)

Saxon Interests Inc. purchased a new position in Schlumberger Limited (NYSE:SLB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,962 shares of the oil and gas company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new position in shares of Schlumberger in the third quarter valued at $25,000. MCF Advisors LLC raised its position in Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 461 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Schlumberger in the third quarter valued at about $31,000. Coppell Advisory Solutions LLC acquired a new stake in Schlumberger in the 2nd quarter valued at about $27,000. Finally, Global Trust Asset Management LLC increased its holdings in shares of Schlumberger by 51.5% in the third quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Schlumberger news, insider Gavin Rennick sold 20,045 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were 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 of the company’s stock, valued at $3,782,747.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SLB shares. Wells Fargo & Company raised their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Barclays lowered their target price on Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Stifel Nicolaus raised their price target 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price target on shares of Schlumberger in a research note on Thursday, February 8th. Finally, Benchmark restated a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.87.

Schlumberger Price Performance

Schlumberger stock traded down $0.09 during mid-day trading on Thursday, reaching $54.81. 7,689,950 shares of the company’s stock traded hands, compared to its average volume of 11,501,060. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12. The company has a market cap of $78.24 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.97 and a beta of 1.59. The stock has a 50 day moving average of $50.37 and a two-hundred day moving average of $53.18. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

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

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently 34.25%.

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.