Schlumberger Limited (NYSE:SLB) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its holdings in shares of Schlumberger Limited (NYSE:SLB) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,433 shares of the oil and gas company’s stock after purchasing an additional 327 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Schlumberger were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. Hilltop Holdings Inc. lifted its stake in shares of Schlumberger by 2.1% in the fourth quarter. Hilltop Holdings Inc. now owns 10,761 shares of the oil and gas company’s stock worth $560,000 after buying an additional 219 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its stake in Schlumberger by 1.9% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 12,196 shares of the oil and gas company’s stock worth $635,000 after purchasing an additional 228 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Schlumberger by 2.2% during the 1st quarter. Sunbelt Securities Inc. now owns 10,551 shares of the oil and gas company’s stock worth $578,000 after purchasing an additional 230 shares during the last quarter. Horizon Bancorp Inc. IN grew its position in shares of Schlumberger by 7.0% in the fourth quarter. Horizon Bancorp Inc. IN now owns 3,586 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 236 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of Schlumberger by 3.6% in the third quarter. Ancora Advisors LLC now owns 6,819 shares of the oil and gas company’s stock valued at $398,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Susquehanna reissued a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research note on Monday, April 22nd. HSBC reissued a “buy” rating and set a $71.00 price target on shares of Schlumberger in a research report on Thursday, April 4th. Wells Fargo & Company cut shares of Schlumberger from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $68.00 to $53.00 in a research report on Monday, April 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 target price on shares of Schlumberger in a report on Monday, April 22nd. Finally, StockNews.com cut shares of Schlumberger from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.59.

Insider Activity at Schlumberger

In other Schlumberger news, CTO Demosthenis Pafitis sold 63,095 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the completion of the transaction, the chief technology officer now owns 33,421 shares in the company, valued at approximately $1,612,897.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the completion of the sale, the chief technology officer now directly owns 33,421 shares of the company’s stock, valued at approximately $1,612,897.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bejar Carmen Rando sold 4,980 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $43.43, for a total value of $216,281.40. Following the completion of the transaction, the insider now directly owns 22,518 shares in the company, valued at approximately $977,956.74. The disclosure for this sale can be found here. Insiders have sold a total of 106,158 shares of company stock valued at $5,099,893 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Schlumberger Stock Down 1.3 %

Shares of NYSE:SLB opened at $46.58 on Tuesday. The firm has a market capitalization of $66.58 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.91 and a beta of 1.55. Schlumberger Limited has a 1 year low of $42.61 and a 1 year 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. The firm’s 50-day moving average is $46.69 and its two-hundred day moving average is $49.61.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. Analysts predict that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 5th. Schlumberger’s dividend payout ratio is presently 36.54%.

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.