Prevail Innovative Wealth Advisors LLC Buys 93,541 Shares of Schlumberger Limited (NYSE:SLB)

Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 133.6% in the 4th quarter, HoldingsChannel reports. The fund owned 163,532 shares of the oil and gas company’s stock after buying an additional 93,541 shares during the quarter. Schlumberger accounts for 1.8% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position. Prevail Innovative Wealth Advisors LLC’s holdings in Schlumberger were worth $6,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. YANKCOM Partnership bought a new stake in shares of Schlumberger during the 4th quarter valued at $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Schlumberger in the 4th quarter worth $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger in the 4th quarter worth about $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $38,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 844 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SLB. BMO Capital Markets cut their price target on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Atb Cap Markets downgraded shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Evercore ISI restated an “in-line” rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.69.

Schlumberger Stock Down 0.6 %

Shares of NYSE:SLB opened at $41.87 on Friday. The company has a market cap of $56.93 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.65. 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 company has a 50-day moving average price of $41.29 and a 200 day moving average price of $41.46.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during 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 company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.72%. Schlumberger’s payout ratio is 36.66%.

Insider Activity

In related news, insider Dianne B. Ralston sold 43,161 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the transaction, the insider now directly owns 235,024 shares in the company, valued at approximately $10,331,655.04. This represents a 15.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is currently owned by company insiders.

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.