Sage Capital Advisors llc purchased a new position in shares of Schlumberger Limited. (NYSE:SLB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,315 shares of the oil and gas company’s stock, valued at approximately $228,000.

Other large investors have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC acquired a new position in Schlumberger during the 4th quarter worth approximately $45,000. IMS Capital Management acquired a new position in Schlumberger during the 3rd quarter worth approximately $46,000. Exane Asset Management acquired a new position in Schlumberger during the 4th quarter worth approximately $37,000. Lindbrook Capital LLC acquired a new position in Schlumberger during the 4th quarter worth approximately $49,000. Finally, First Command Bank raised its stake in shares of Schlumberger by 337.7% during the 4th quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 1,155 shares in the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

SLB opened at $43.09 on Friday. Schlumberger Limited. has a 1-year low of $34.99 and a 1-year high of $75.43. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $59.03 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.34.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The business had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts expect that Schlumberger Limited. will post 1.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.64%. The ex-dividend date is Tuesday, February 12th. Schlumberger’s payout ratio is 123.46%.

A number of equities research analysts have recently issued reports on SLB shares. Zacks Investment Research cut Schlumberger from a “hold” rating to a “strong sell” rating in a research note on Friday, January 11th. Citigroup dropped their price objective on Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. Royal Bank of Canada set a $58.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Friday, January 18th. HSBC upgraded Schlumberger from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Finally, Jefferies Financial Group dropped their price objective on Schlumberger to $54.00 and set a “buy” rating on the stock in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $66.00.

In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick Schorn acquired 10,000 shares of the stock in a transaction on Thursday, December 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the transaction, the executive vice president now directly owns 35,000 shares in the company, valued at $1,314,250. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

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Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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