Schlumberger Limited (NYSE:SLB) Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its stake in Schlumberger Limited (NYSE:SLB) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,084 shares of the oil and gas company’s stock after purchasing an additional 350 shares during the period. Soltis Investment Advisors LLC’s holdings in Schlumberger were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SLB. Exchange Traded Concepts LLC raised its holdings in Schlumberger by 205.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 15,636 shares of the oil and gas company’s stock worth $656,000 after purchasing an additional 10,520 shares during the period. CVA Family Office LLC raised its holdings in Schlumberger by 54.6% in the 3rd quarter. CVA Family Office LLC now owns 3,441 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 1,215 shares during the period. Thomasville National Bank acquired a new position in Schlumberger in the 3rd quarter worth about $202,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Schlumberger by 47.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,827 shares of the oil and gas company’s stock valued at $202,000 after acquiring an additional 1,553 shares during the last quarter. Finally, Paladin Wealth LLC acquired a new position in shares of Schlumberger during the third quarter valued at approximately $521,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SLB shares. Bank of America reduced their target price on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, October 14th. Barclays decreased their price target on Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada restated an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus price target of $55.81.

Insiders Place Their Bets

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the transaction, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 263,782 shares of company stock valued at $11,442,229. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Up 2.6 %

Schlumberger stock opened at $41.19 on Tuesday. 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. The stock has a market cap of $57.71 billion, a PE ratio of 13.25, a P/E/G ratio of 9.49 and a beta of 1.51. The stock’s fifty day moving average is $40.17 and its two-hundred day moving average is $42.19.

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

Schlumberger Increases Dividend

The firm 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. The ex-dividend date is Wednesday, February 5th. 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 2.77%. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

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.