4,028 Shares in Schlumberger Limited (NYSE:SLB) Bought by GKV Capital Management Co. Inc.

GKV Capital Management Co. Inc. acquired a new stake in shares of Schlumberger Limited (NYSE:SLB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,028 shares of the oil and gas company’s stock, valued at approximately $154,000.

A number of other hedge funds have also recently modified their holdings of SLB. YANKCOM Partnership purchased a new position in Schlumberger during the 4th quarter valued at about $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new stake in shares of Schlumberger in the 4th quarter worth approximately $34,000. Hager Investment Management Services LLC purchased a new stake in shares of Schlumberger in the 4th quarter worth approximately $38,000. Finally, Bogart Wealth LLC increased its position in 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 in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the 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 completion of the sale, the director now owns 49,595 shares in the company, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock valued at $13,609,283 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Trading Up 1.1 %

NYSE:SLB opened at $34.13 on Thursday. The firm has a market capitalization of $46.41 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth 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. The business has a fifty day moving average price of $39.60 and a 200-day moving average price of $40.88. Schlumberger Limited has a one year low of $31.11 and a one year high of $51.96.

Schlumberger (NYSE:SLB) last posted 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. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. Sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 3.34%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

SLB has been the subject of several analyst reports. Citigroup raised their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Susquehanna decreased their target price on shares of Schlumberger from $55.00 to $48.00 and set a “positive” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on Schlumberger from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and an average target price of $54.15.

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.