WCM Investment Management LLC Purchases 16,218 Shares of Schlumberger Limited (NYSE:SLB)

WCM Investment Management LLC increased its position in shares of Schlumberger Limited (NYSE:SLB) by 77.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,116 shares of the oil and gas company’s stock after buying an additional 16,218 shares during the period. WCM Investment Management LLC’s holdings in Schlumberger were worth $1,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC grew its position in shares of Schlumberger by 205.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,636 shares of the oil and gas company’s stock worth $656,000 after buying an additional 10,520 shares during the period. CVA Family Office LLC grew its holdings in Schlumberger by 54.6% in the third quarter. CVA Family Office LLC now owns 3,441 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 1,215 shares during the period. Thomasville National Bank bought a new stake in Schlumberger in the third quarter valued at $202,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Schlumberger by 47.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,827 shares of the oil and gas company’s stock valued at $202,000 after purchasing an additional 1,553 shares during the period. Finally, Paladin Wealth LLC acquired a new position in shares of Schlumberger during the third quarter valued at about $521,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In related news, insider Dianne B. Ralston sold 43,161 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now directly owns 235,024 shares in the company, valued at approximately $10,331,655.04. This represents a 15.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the transaction, the executive vice president now directly owns 210,502 shares of the company’s stock, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 263,782 shares of company stock worth $11,442,229 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Schlumberger Trading Up 2.6 %

Shares of Schlumberger stock opened at $41.19 on Tuesday. The stock has a fifty day moving average price of $40.17 and a 200-day moving average price of $42.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The firm has a market cap of $57.71 billion, a PE ratio of 13.25, a P/E/G ratio of 9.49 and a beta of 1.51. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69.

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, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.77%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLB. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. TD Cowen boosted their price objective on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company cut their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Barclays decreased their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, Citigroup raised their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Six 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. According to MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and an average price target of $55.81.

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.