Benjamin F. Edwards & Company Inc. Has $2.03 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 55.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,011 shares of the oil and gas company’s stock after buying an additional 13,988 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Schlumberger were worth $2,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLB. BluePath Capital Management LLC bought a new position in Schlumberger during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger during the 4th quarter worth $26,000. Janiczek Wealth Management LLC raised its holdings 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 valued at $34,000 after acquiring an additional 602 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Schlumberger by 64.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 292 shares during the period. Finally, Legacy Bridge LLC grew its holdings in shares of Schlumberger by 39.4% during the 4th quarter. Legacy Bridge LLC now owns 853 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Up 0.2 %

Shares of NYSE:SLB opened at $47.66 on Monday. The firm has a market cap of $68.12 billion, a P/E ratio of 15.83, a P/E/G ratio of 0.92 and a beta of 1.64. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12. The business has a fifty day simple moving average of $51.63 and a 200 day simple moving average of $51.67. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last posted 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. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. Analysts predict that Schlumberger Limited will post 3.51 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be issued a $0.275 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 annualized dividend and a yield of 2.31%. Schlumberger’s payout ratio is presently 36.54%.

Insiders Place Their Bets

In related news, EVP Abdellah Merad sold 50,000 shares of the company’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 in the company, valued at approximately $12,688,319.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction dated 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 owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the sale, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of a number of analyst reports. HSBC reaffirmed a “buy” rating and issued a $71.00 price target on shares of Schlumberger in a research note on Thursday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Barclays reduced their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Bank of America cut their target price on Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price target on Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and an average target price of $68.72.

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.