EverSource Wealth Advisors LLC Raises Holdings in Schlumberger Limited (NYSE:SLB)

EverSource Wealth Advisors LLC lifted its stake in Schlumberger Limited (NYSE:SLB) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,245 shares of the oil and gas company’s stock after purchasing an additional 522 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Schlumberger were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SLB. Pacer Advisors Inc. lifted its stake in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company’s stock worth $500,082,000 after buying an additional 12,938,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Schlumberger by 20.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock worth $470,425,000 after acquiring an additional 1,916,851 shares during the last quarter. Scharf Investments LLC acquired a new stake in Schlumberger during the 4th quarter worth about $52,607,000. OFI Invest Asset Management acquired a new position in shares of Schlumberger in the fourth quarter valued at about $48,461,000. Finally, AMF Tjanstepension AB increased its holdings in shares of Schlumberger by 273.3% in the fourth quarter. AMF Tjanstepension AB now owns 1,338,376 shares of the oil and gas company’s stock valued at $51,384,000 after purchasing an additional 979,820 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Performance

NYSE SLB opened at $41.42 on Tuesday. 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’s 50 day simple moving average is $41.00 and its 200-day simple moving average is $41.46. The company has a market cap of $56.32 billion, a PE ratio of 13.32, a price-to-earnings-growth 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.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data 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. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This is an increase 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 2.75%. Schlumberger’s dividend payout ratio is presently 36.66%.

Wall Street Analyst Weigh In

SLB has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group cut their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. TD Cowen lifted their price objective on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Insiders Place Their Bets

In other Schlumberger news, insider Dianne B. Ralston sold 43,161 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the sale, the insider now directly owns 235,024 shares of the company’s stock, valued at $10,331,655.04. This trade represents a 15.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. 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. 0.26% of the stock is currently owned by corporate insiders.

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.