Arkadios Wealth Advisors Has $1.05 Million Holdings in Schlumberger Limited (NYSE:SLB)

Arkadios Wealth Advisors grew its position in shares of Schlumberger Limited (NYSE:SLB) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,366 shares of the oil and gas company’s stock after acquiring an additional 2,752 shares during the quarter. Arkadios Wealth Advisors’ holdings in Schlumberger were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SLB. Merit Financial Group LLC raised its holdings in Schlumberger by 48.9% during the fourth quarter. Merit Financial Group LLC now owns 14,694 shares of the oil and gas company’s stock worth $563,000 after buying an additional 4,824 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Schlumberger by 1.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 165,784 shares of the oil and gas company’s stock worth $6,356,000 after acquiring an additional 2,705 shares in the last quarter. Lakewood Asset Management LLC raised its holdings in shares of Schlumberger by 1.0% in the 4th quarter. Lakewood Asset Management LLC now owns 39,235 shares of the oil and gas company’s stock worth $1,504,000 after acquiring an additional 407 shares during the last quarter. BluePath Capital Management LLC lifted its position in Schlumberger by 37.6% in the 4th quarter. BluePath Capital Management LLC now owns 23,197 shares of the oil and gas company’s stock valued at $924,000 after acquiring an additional 6,341 shares in the last quarter. Finally, Godsey & Gibb Inc. boosted its stake in Schlumberger by 2.5% during the 4th quarter. Godsey & Gibb Inc. now owns 439,335 shares of the oil and gas company’s stock valued at $16,844,000 after purchasing an additional 10,698 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $43.58 on Monday. The firm has a market capitalization of $61.54 billion, a PE ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $40.86 and a two-hundred day moving average price of $42.87. Schlumberger Limited has a twelve month low of $36.52 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9,241,140 billion. During the same period last year, the firm earned $0.86 EPS. Schlumberger’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited will post 3.39 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 paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger’s payout ratio is presently 35.37%.

Insiders Place Their Bets

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SLB has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Schlumberger from $55.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Stifel Nicolaus dropped their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Bank of America dropped their price target on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.03.

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.