Eubel Brady & Suttman Asset Management Inc. Makes New Investment in Schlumberger Limited (NYSE:SLB)

Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Schlumberger Limited (NYSE:SLB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 352,002 shares of the oil and gas company’s stock, valued at approximately $13,496,000. Schlumberger accounts for about 1.8% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 29th largest position.

A number of other large investors also recently modified their holdings of SLB. Foundations Investment Advisors LLC boosted its stake in shares of Schlumberger by 4.8% in the third quarter. Foundations Investment Advisors LLC now owns 8,874 shares of the oil and gas company’s stock worth $372,000 after acquiring an additional 409 shares during the period. Private Advisor Group LLC lifted its holdings in Schlumberger by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 144,422 shares of the oil and gas company’s stock worth $6,059,000 after purchasing an additional 3,227 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Schlumberger by 4,640.0% in the 3rd quarter. International Assets Investment Management LLC now owns 202,635 shares of the oil and gas company’s stock worth $8,501,000 after purchasing an additional 198,360 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Schlumberger by 28.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 67,792 shares of the oil and gas company’s stock valued at $2,844,000 after buying an additional 15,175 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Schlumberger by 17.7% during the third quarter. IFM Investors Pty Ltd now owns 349,692 shares of the oil and gas company’s stock valued at $14,670,000 after buying an additional 52,668 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

Shares of NYSE:SLB opened at $41.73 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The firm’s 50-day moving average is $40.20 and its 200 day moving average is $41.91.

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

Schlumberger Increases Dividend

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

Insider Buying and Selling at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock valued at $11,442,229 in the last three months. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SLB. Sanford C. Bernstein upgraded shares of Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. Griffin Securities downgraded shares of Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Citigroup lifted their target price on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus dropped their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.81.

About Schlumberger

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.