38,388 Shares in Schlumberger Limited (NYSE:SLB) Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. purchased a new position in Schlumberger Limited (NYSE:SLB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,388 shares of the oil and gas company’s stock, valued at approximately $1,472,000.

Several other institutional investors also recently modified their holdings of SLB. YANKCOM Partnership acquired a new stake in Schlumberger during the 4th quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger in the fourth quarter worth approximately $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger in the 4th quarter valued at approximately $34,000. Hager Investment Management Services LLC acquired a new position in Schlumberger in the 4th quarter worth approximately $38,000. Finally, Bogart Wealth LLC grew its position in Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 844 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

NYSE:SLB opened at $33.15 on Tuesday. The firm has a market capitalization of $45.07 billion, a PE ratio of 10.66, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1 year low of $31.86 and a 1 year high of $55.65. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $40.84 and its 200 day simple moving average is $41.38.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were given a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 3.44%. The ex-dividend date was Wednesday, February 5th. Schlumberger’s payout ratio is currently 36.66%.

Insider Transactions at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock worth $13,609,283 over the last three months. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. BMO Capital Markets cut their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Evercore ISI restated an “in-line” rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Finally, Citigroup increased their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.79.

About Schlumberger

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.