Schlumberger Limited (NYSE:SLB) Shares Bought by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. grew its stake in Schlumberger Limited (NYSE:SLB) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,891 shares of the oil and gas company’s stock after buying an additional 3,660 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Schlumberger were worth $2,909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BluePath Capital Management LLC acquired a new position in shares of Schlumberger in the 3rd quarter valued at about $25,000. MCF Advisors LLC lifted its holdings in shares of Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 461 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at about $26,000. Coppell Advisory Solutions LLC acquired a new position in shares of Schlumberger in the 2nd quarter valued at about $27,000. Finally, Global Trust Asset Management LLC lifted its holdings in shares of Schlumberger by 51.5% in the 3rd quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

SLB has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Benchmark restated a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a research note on Wednesday, April 3rd. Stifel Nicolaus lifted their price target on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Finally, Royal Bank of Canada lifted their price target on Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $70.31.

Schlumberger Price Performance

Shares of Schlumberger stock traded down $0.26 on Wednesday, hitting $51.41. 10,349,175 shares of the company were exchanged, compared to its average volume of 8,562,214. The stock has a market capitalization of $73.38 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. The company has a 50-day moving average price of $51.43 and a 200 day moving average price of $52.51. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. As a group, sell-side analysts predict that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently 34.25%.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the transaction, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mogharbel Khaled Al sold 38,570 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the transaction, the executive vice president now directly owns 386,841 shares in the company, valued at approximately $19,504,523.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is currently owned by company insiders.

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.