World Investment Advisors Buys 609 Shares of Schlumberger Limited (NYSE:SLB)

World Investment Advisors lifted its stake in shares of Schlumberger Limited (NYSE:SLB) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,582 shares of the oil and gas company’s stock after purchasing an additional 609 shares during the quarter. World Investment Advisors’ holdings in Schlumberger were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky grew its position in Schlumberger by 25.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company’s stock worth $31,961,000 after buying an additional 156,698 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Schlumberger by 27.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company’s stock worth $3,223,000 after buying an additional 16,350 shares in the last quarter. Geode Capital Management LLC grew its position in Schlumberger by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company’s stock worth $1,146,195,000 after buying an additional 1,377,134 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in Schlumberger by 502.6% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company’s stock worth $7,592,000 after buying an additional 165,162 shares in the last quarter. Finally, Narwhal Capital Management grew its position in Schlumberger by 225.5% during the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company’s stock worth $2,862,000 after buying an additional 51,715 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Trading Up 12.6 %

SLB opened at $35.99 on Thursday. The business has a 50 day simple moving average of $40.29 and a two-hundred day simple moving average of $41.16. The firm has a market capitalization of $48.94 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 10.10 and a beta of 1.11. 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 Limited has a one year low of $31.11 and a one year high of $54.63.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were given a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 3.17%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio is currently 36.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SLB shares. Citigroup upped their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded Schlumberger from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $46.00 to $44.00 in a report on Tuesday. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus cut their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.68.

Insider Transactions at Schlumberger

In related news, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,905 shares of company stock valued at $13,609,283. Corporate insiders own 0.26% of the company’s stock.

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.