Schlumberger Limited (NYSE:SLB) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP grew its holdings in Schlumberger Limited (NYSE:SLB) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 174,008 shares of the oil and gas company’s stock after buying an additional 7,772 shares during the period. Lyell Wealth Management LP’s holdings in Schlumberger were worth $9,055,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BluePath Capital Management LLC purchased a new position in shares of Schlumberger during the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $26,000. MCF Advisors LLC lifted its stake in shares of Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 461 shares during the period. Janiczek Wealth Management LLC lifted its stake in shares of Schlumberger by 1,180.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 602 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Schlumberger by 64.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 292 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Schlumberger 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 transaction 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 approximately $13,151,825.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Abdellah Merad sold 50,000 shares of Schlumberger 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 transaction, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 110,768 shares of company stock valued at $5,511,037 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Stock Down 0.9 %

SLB traded down $0.44 during trading hours on Wednesday, reaching $49.11. 10,163,834 shares of the stock traded hands, compared to its average volume of 11,262,749. The firm’s fifty day simple moving average is $51.71 and its two-hundred day simple moving average is $52.25. The company has a market cap of $70.10 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 0.95 and a beta of 1.60. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. As a group, analysts forecast that Schlumberger Limited will post 3.5 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, June 5th. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective on shares of Schlumberger in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 price target on shares of Schlumberger in a research note on Monday. TD Cowen cut their price target on shares of Schlumberger from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Finally, Wells Fargo & Company increased their price target 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. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

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.