Clark & Stuart Inc Makes New $3.77 Million Investment in Schlumberger Limited (NYSE:SLB)

Clark & Stuart Inc purchased a new stake in Schlumberger Limited (NYSE:SLB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 97,685 shares of the oil and gas company’s stock, valued at approximately $3,772,000. Schlumberger accounts for approximately 2.8% of Clark & Stuart Inc’s holdings, making the stock its 16th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC raised its position in Schlumberger by 393.5% in the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 484 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Schlumberger during the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schlumberger in the third quarter valued at approximately $37,000. DiNuzzo Private Wealth Inc. boosted its holdings in Schlumberger by 1,068.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP bought a new position in Schlumberger in the third quarter valued at $47,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley cut their price target on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Dbs Bank began coverage on Schlumberger in a report on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price on the stock. Wells Fargo & Company decreased their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Susquehanna dropped their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Stifel Nicolaus decreased their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.58.

Insiders Place Their Bets

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 0.4 %

Shares of NYSE:SLB opened at $38.66 on Monday. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The business has a 50 day moving average of $40.97 and a 200-day moving average of $43.05. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The stock has a market cap of $54.59 billion, a PE ratio of 12.43, a P/E/G ratio of 1.42 and a beta of 1.52.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities research analysts forecast that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 4th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, December 4th. Schlumberger’s dividend payout ratio is 35.37%.

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.