Boyd Watterson Asset Management LLC OH Has $67,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Boyd Watterson Asset Management LLC OH grew its position in Schlumberger Limited (NYSE:SLB) by 66.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,760 shares of the oil and gas company’s stock after buying an additional 700 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Schlumberger were worth $67,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in shares of Schlumberger in the third quarter valued at approximately $29,000. YANKCOM Partnership acquired a new position in Schlumberger in the 4th quarter worth $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the 4th quarter worth about $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Schlumberger in the third quarter valued at about $37,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SLB shares. Piper Sandler started coverage on Schlumberger in a report on Thursday, December 19th. They set a “neutral” rating and a $47.00 price objective for the company. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group cut their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lowered their price target on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Schlumberger Stock Performance

NYSE SLB opened at $41.73 on Friday. The stock has a market cap of $58.45 billion, a PE ratio of 13.42, a P/E/G ratio of 10.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm has a 50-day moving average of $40.20 and a 200-day moving average of $41.91. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69.

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, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.73%. Schlumberger’s dividend payout ratio (DPR) is presently 36.66%.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction that occurred on 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 sale, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares in the company, valued at $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 263,782 shares of company stock valued at $11,442,229. 0.26% of the stock is currently owned by corporate 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.