apricus wealth LLC Acquires 33,140 Shares of Schlumberger Limited (NYSE:SLB)

apricus wealth LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 60.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,100 shares of the oil and gas company’s stock after acquiring an additional 33,140 shares during the period. Schlumberger makes up 2.2% of apricus wealth LLC’s investment portfolio, making the stock its 11th largest holding. apricus wealth LLC’s holdings in Schlumberger were worth $3,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fred Alger Management LLC lifted its position in Schlumberger by 116.1% during the second quarter. Fred Alger Management LLC now owns 138,559 shares of the oil and gas company’s stock valued at $6,537,000 after purchasing an additional 74,451 shares during the period. AQR Capital Management LLC grew its stake in shares of Schlumberger by 26.4% during the 2nd quarter. AQR Capital Management LLC now owns 557,533 shares of the oil and gas company’s stock valued at $26,210,000 after purchasing an additional 116,284 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Schlumberger by 8.4% in the second quarter. APG Asset Management N.V. now owns 150,796 shares of the oil and gas company’s stock worth $6,638,000 after buying an additional 11,735 shares during the last quarter. Daymark Wealth Partners LLC raised its position in Schlumberger by 5.5% in the second quarter. Daymark Wealth Partners LLC now owns 14,479 shares of the oil and gas company’s stock worth $683,000 after acquiring an additional 753 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Schlumberger during the 2nd quarter worth $1,180,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

Schlumberger stock opened at $42.30 on Friday. The firm has a market capitalization of $59.73 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 9.98 and a beta of 1.52. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The firm has a 50-day moving average price of $40.76 and a 200-day moving average price of $42.78. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9,241,140 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. As a group, equities research analysts forecast that Schlumberger Limited will post 3.34 EPS for the current year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio is currently 35.37%.

Analysts Set New Price Targets

SLB has been the topic of a number of recent research reports. TD Cowen raised their target price on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays cut their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Jefferies Financial Group reduced their target price on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Sanford C. Bernstein raised shares of Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Griffin Securities cut shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Insider Transactions at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares in the company, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,258 shares of company stock valued at $8,732,604. 0.26% of the stock is currently owned by company insiders.

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.