World Investment Advisors Has $215,000 Stock Position in Schlumberger Limited (NYSE:SLB)

World Investment Advisors lifted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 12.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,582 shares of the oil and gas company’s stock after buying an additional 609 shares during the period. World Investment Advisors’ holdings in Schlumberger were worth $215,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in Schlumberger in the 4th quarter worth about $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the 4th quarter worth about $32,000. Golden State Wealth Management LLC acquired a new position in Schlumberger in the 4th quarter worth about $34,000. Hager Investment Management Services LLC acquired a new position in Schlumberger in the 4th quarter worth about $38,000. Finally, Bogart Wealth LLC increased its holdings in Schlumberger by 468.9% in 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 and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of a number of recent research reports. Piper Sandler initiated coverage on Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price for the company. Barclays decreased their price target on Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Citigroup increased their price target on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, TD Cowen increased their price target on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.68.

Schlumberger Stock Up 12.6 %

Shares of NYSE:SLB opened at $35.99 on Thursday. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $54.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The business’s 50 day simple moving average is $40.29 and its two-hundred day simple moving average is $41.16. The firm has a market cap of $48.94 billion, a P/E ratio of 11.57, a PEG ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB) last announced its 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. The company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.24 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 previous year, the firm earned $0.86 earnings per share. As a group, research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were given a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 3.17%. Schlumberger’s payout ratio is presently 36.66%.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction 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 sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the sale, the vice president now owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is owned by company insiders.

Schlumberger 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.