Schlumberger Limited (NYSE:SLB) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Schlumberger Limited (NYSE:SLB) by 22.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 470,925 shares of the oil and gas company’s stock after buying an additional 87,098 shares during the quarter. Vontobel Holding Ltd.’s holdings in Schlumberger were worth $18,055,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC grew its position in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock worth $39,000 after buying an additional 844 shares during the last quarter. Avestar Capital LLC grew its position in Schlumberger by 13.1% in the fourth quarter. Avestar Capital LLC now owns 7,006 shares of the oil and gas company’s stock worth $269,000 after buying an additional 814 shares during the last quarter. Stanley Laman Group Ltd. grew its position in Schlumberger by 5.1% in the fourth quarter. Stanley Laman Group Ltd. now owns 78,692 shares of the oil and gas company’s stock worth $3,017,000 after buying an additional 3,805 shares during the last quarter. Ingalls & Snyder LLC grew its position in Schlumberger by 35.8% in the fourth quarter. Ingalls & Snyder LLC now owns 22,580 shares of the oil and gas company’s stock worth $866,000 after buying an additional 5,950 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Schlumberger by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company’s stock worth $310,696,000 after buying an additional 915,925 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In other news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the business’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 transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 263,782 shares of company stock worth $11,442,229. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $41.75 on Friday. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The business has a 50-day moving average of $40.06 and a two-hundred day moving average of $42.09. The stock has a market capitalization of $58.48 billion, a P/E ratio of 13.42, a P/E/G ratio of 9.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.73%. Schlumberger’s payout ratio is presently 36.66%.

Analysts Set New Price Targets

SLB has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Evercore ISI restated an “in-line” rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Piper Sandler initiated coverage on Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price on the stock. BMO Capital Markets decreased their price target on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Finally, Barclays lowered their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.81.

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.