J.Safra Asset Management Corp Acquires Shares of 1,209 Schlumberger Limited (NYSE:SLB)

J.Safra Asset Management Corp acquired a new stake in shares of Schlumberger Limited (NYSE:SLB) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,209 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other large investors have also bought and sold shares of the company. Prospera Private Wealth LLC purchased a new stake in shares of Schlumberger during the 3rd quarter valued at $29,000. YANKCOM Partnership purchased a new stake in shares of Schlumberger during the 4th quarter valued at $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the 4th quarter valued at $32,000. Ashton Thomas Securities LLC purchased a new stake in shares of Schlumberger during the 3rd quarter valued at $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger during the 4th quarter valued at $34,000. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Performance

NYSE:SLB opened at $39.47 on Thursday. The business has a 50 day moving average of $40.62 and a 200 day moving average of $41.70. The company has a market capitalization of $53.67 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion for 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is 36.66%.

Insiders Place Their Bets

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction that occurred 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 transaction, the director now directly owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 290,772 shares of company stock valued at $12,546,660 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays decreased their target price on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. BMO Capital Markets decreased their target price on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. TD Cowen lifted their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Six 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. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and an average price target of $55.81.

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.