Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Schlumberger Limited (NYSE:SLB)

Tokio Marine Asset Management Co. Ltd. boosted its position in Schlumberger Limited (NYSE:SLB) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,397 shares of the oil and gas company’s stock after purchasing an additional 2,098 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Schlumberger were worth $2,779,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new position in shares of Schlumberger during the third quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Schlumberger in the fourth quarter worth about $26,000. MCF Advisors LLC lifted its holdings in Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 461 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in Schlumberger by 1,180.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock worth $34,000 after buying an additional 602 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in Schlumberger by 64.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 292 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. Insiders sold 90,545 shares of company stock valued at $4,458,430 in the last ninety days. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Barclays decreased their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Stifel Nicolaus reissued a “buy” rating and issued a $64.00 price objective on shares of Schlumberger in a research report on Monday. Morgan Stanley restated an “overweight” rating and set a $65.00 target price on shares of Schlumberger in a research report on Monday. Finally, HSBC reiterated a “buy” rating and set a $71.00 target price on shares of Schlumberger in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.67.

Schlumberger Stock Up 0.3 %

Schlumberger stock traded up $0.16 during mid-day trading on Thursday, reaching $49.27. 3,942,549 shares of the company’s stock were exchanged, compared to its average volume of 11,168,142. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. The company has a fifty day moving average of $51.71 and a 200-day moving average of $52.25. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market cap of $70.33 billion, a P/E ratio of 16.32, a P/E/G ratio of 0.96 and a beta of 1.60.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts expect that Schlumberger Limited will post 3.5 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 2.23%. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

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.