Achmea Investment Management B.V. Takes $5.04 Million Position in Schlumberger Limited (NYSE:SLB)

Achmea Investment Management B.V. acquired a new stake in Schlumberger Limited (NYSE:SLB) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 131,522 shares of the oil and gas company’s stock, valued at approximately $5,043,000.

Other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in shares of Schlumberger in the 3rd quarter valued at $29,000. YANKCOM Partnership acquired a new position in shares of Schlumberger during the 4th quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the 4th quarter valued at $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the 4th quarter valued at $34,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the 4th quarter valued at $38,000. 81.99% of the stock is owned by institutional investors.

Schlumberger Price Performance

SLB opened at $41.10 on Friday. The firm has a market cap of $55.89 billion, a P/E ratio of 13.21, a PEG ratio of 10.10 and a beta of 1.47. The firm has a 50-day moving average of $40.95 and a 200 day moving average of $41.52. 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 Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current 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. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.77%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio is presently 36.66%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SLB. Evercore ISI reiterated an “in-line” rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Piper Sandler began coverage on shares of Schlumberger in a research report on Thursday, December 19th. They set a “neutral” rating and a $47.00 target price on the stock. BMO Capital Markets dropped their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus target price of $55.81.

Insider Activity at Schlumberger

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the transaction, the insider now owns 53,584 shares in the company, valued at $2,192,657.28. This trade represents a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now owns 49,595 shares of the company’s stock, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by company 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.