Level Four Advisory Services LLC Acquires New Holdings in Schlumberger Limited (NYSE:SLB)

Level Four Advisory Services LLC bought a new position in Schlumberger Limited (NYSE:SLB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,416 shares of the oil and gas company’s stock, valued at approximately $246,000.

Several other large investors also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Schlumberger during the 4th quarter worth about $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger during the fourth quarter worth approximately $32,000. Golden State Wealth Management LLC acquired a new stake in Schlumberger in the fourth quarter worth approximately $34,000. Hager Investment Management Services LLC bought a new position in Schlumberger during the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC increased its position in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 844 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Stock Performance

SLB stock opened at $42.11 on Wednesday. The firm has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $41.50. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65. The stock has a market cap of $57.27 billion, a P/E ratio of 13.54, a P/E/G ratio of 10.10 and a beta of 1.47. 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 (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.71%. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

Analyst Upgrades and Downgrades

SLB has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Jefferies Financial Group dropped their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.69.

Insider Activity

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock worth $13,609,283 in the last three months. 0.26% of the stock is owned by 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.