Twin Capital Management Inc. Takes Position in Schlumberger Limited (NYSE:SLB)

Twin Capital Management Inc. bought a new stake in shares of Schlumberger Limited (NYSE:SLB) during the 4th quarter, HoldingsChannel.com reports. The firm bought 38,388 shares of the oil and gas company’s stock, valued at approximately $1,472,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in Schlumberger during the fourth quarter worth about $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger in the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the 4th quarter worth approximately $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger in the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC grew its position in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 844 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling

In other news, insider Bejar Carmen Rando sold 5,524 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction 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. The trade was a 15.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. This trade represents a 44.75 % 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. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

SLB has been the subject of a number of analyst reports. 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. TD Cowen lifted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Citigroup raised their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.79.

Schlumberger Stock Performance

Schlumberger stock opened at $33.15 on Tuesday. Schlumberger Limited has a 1 year low of $31.86 and a 1 year high of $55.65. The company’s 50-day moving average is $40.84 and its two-hundred day moving average is $41.38. 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 market cap of $45.07 billion, a PE ratio of 10.66, a PEG ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm 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. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were paid a dividend of $0.285 per share. The ex-dividend date was 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 dividend yield of 3.44%. Schlumberger’s payout ratio is 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.