Brown Financial Advisors Has $1.24 Million Stake in Schlumberger Limited (NYSE:SLB)

Brown Financial Advisors grew its holdings in Schlumberger Limited (NYSE:SLB) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,245 shares of the oil and gas company’s stock after purchasing an additional 4,315 shares during the quarter. Brown Financial Advisors’ holdings in Schlumberger were worth $1,236,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Prospera Private Wealth LLC acquired a new stake in Schlumberger in the 3rd quarter valued at approximately $29,000. YANKCOM Partnership bought a new stake in shares of Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in shares of Schlumberger in the fourth quarter worth $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter worth $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in Schlumberger during the 3rd quarter valued at $37,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SLB shares. BMO Capital Markets decreased their price target on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Jefferies Financial Group cut their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Stifel Nicolaus reduced their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Stock Performance

NYSE:SLB opened at $41.51 on Tuesday. The stock has a market capitalization of $56.45 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 10.10 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The firm has a 50 day moving average of $40.23 and a 200-day moving average of $41.87.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.75%. Schlumberger’s dividend payout ratio is 36.66%.

Insiders Place Their Bets

In other news, VP Ugo Prechner sold 7,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now owns 11,240 shares of the company’s stock, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 263,782 shares of company stock valued at $11,442,229 in the last 90 days. 0.26% of the stock is currently owned by insiders.

Schlumberger Company 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.