Mpwm Advisory Solutions LLC Makes New $40,000 Investment in Schlumberger Limited (NYSE:SLB)

Mpwm Advisory Solutions LLC acquired a new position in shares of Schlumberger Limited (NYSE:SLB) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,040 shares of the oil and gas company’s stock, valued at approximately $40,000.

Several other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Schlumberger by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company’s stock worth $2,913,312,000 after buying an additional 5,225,828 shares in the last quarter. Geode Capital Management LLC increased its stake in Schlumberger by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company’s stock worth $1,146,195,000 after buying an additional 1,377,134 shares in the last quarter. Deutsche Bank AG increased its stake in Schlumberger by 12.2% during the 4th quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company’s stock worth $1,101,804,000 after buying an additional 3,119,543 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Schlumberger by 1.2% during the 4th quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company’s stock worth $1,067,254,000 after buying an additional 343,261 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Schlumberger in the fourth quarter valued at approximately $735,398,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SLB. Citigroup upped their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Susquehanna dropped their price target on Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a research report on Monday, April 28th. Jefferies Financial Group dropped their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded Schlumberger from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.44.

Schlumberger Trading Down 1.6%

SLB opened at $34.54 on Wednesday. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The stock has a market capitalization of $46.98 billion, a PE ratio of 11.11, a P/E/G ratio of 10.10 and a beta of 1.06. The business’s 50 day moving average price is $36.53 and its 200 day moving average price is $39.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is 38.64%.

Insiders Place Their Bets

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aparna Raman sold 25,133 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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.