Pine Valley Investments Ltd Liability Co Takes Position in Schlumberger Limited (NYSE:SLB)

Pine Valley Investments Ltd Liability Co bought a new position in Schlumberger Limited (NYSE:SLB) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,896 shares of the oil and gas company’s stock, valued at approximately $226,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Skylands Capital LLC bought a new stake in shares of Schlumberger during the 4th quarter worth $2,946,000. Crestwood Advisors Group LLC acquired a new position in Schlumberger during the 4th quarter worth $254,000. IFP Advisors Inc boosted its holdings in Schlumberger by 97.4% during the fourth quarter. IFP Advisors Inc now owns 65,597 shares of the oil and gas company’s stock valued at $2,515,000 after acquiring an additional 32,367 shares during the period. Waverton Investment Management Ltd grew its position in shares of Schlumberger by 5.5% in the fourth quarter. Waverton Investment Management Ltd now owns 2,228,411 shares of the oil and gas company’s stock valued at $85,493,000 after purchasing an additional 115,547 shares during the last quarter. Finally, South Dakota Investment Council increased its stake in shares of Schlumberger by 3.5% in the fourth quarter. South Dakota Investment Council now owns 504,009 shares of the oil and gas company’s stock worth $19,324,000 after purchasing an additional 16,921 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the business’s stock in a transaction on Friday, January 31st. The stock was 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is currently owned by insiders.

Schlumberger Trading Up 0.6 %

Shares of SLB opened at $40.86 on Friday. The stock has a 50 day simple moving average of $40.41 and a 200-day simple moving average of $41.84. 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 stock has a market cap of $55.56 billion, a PE ratio of 13.14, a PEG ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $9.24 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared 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 an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Piper Sandler started 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. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their price target 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. Six investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.