Headlands Technologies LLC Invests $330,000 in Schlumberger Limited (NYSE:SLB)

Headlands Technologies LLC acquired a new position in shares of Schlumberger Limited (NYSE:SLB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,346 shares of the oil and gas company’s stock, valued at approximately $330,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kovack Advisors Inc. increased its stake in Schlumberger by 149.3% in the fourth quarter. Kovack Advisors Inc. now owns 40,893 shares of the oil and gas company’s stock valued at $2,128,000 after acquiring an additional 24,489 shares during the period. Van Cleef Asset Management Inc increased its stake in Schlumberger by 1.0% in the fourth quarter. Van Cleef Asset Management Inc now owns 82,751 shares of the oil and gas company’s stock valued at $4,306,000 after acquiring an additional 832 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Schlumberger in the fourth quarter valued at about $660,000. Syon Capital LLC increased its stake in Schlumberger by 9.8% in the fourth quarter. Syon Capital LLC now owns 20,643 shares of the oil and gas company’s stock valued at $1,074,000 after acquiring an additional 1,848 shares during the period. Finally, Lyell Wealth Management LP increased its stake in Schlumberger by 4.7% in the fourth quarter. Lyell Wealth Management LP now owns 174,008 shares of the oil and gas company’s stock valued at $9,055,000 after acquiring an additional 7,772 shares during the period. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective on shares of Schlumberger in a research note on Monday, April 22nd. HSBC reaffirmed a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a research note on Thursday, April 4th. Wells Fargo & Company upped their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets decreased their price objective on shares of Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Katharina Beumelburg sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.62, for a total value of $420,960.00. Following the completion of the sale, the insider now owns 15,581 shares of the company’s stock, valued at $819,872.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Schlumberger news, insider Katharina Beumelburg sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.62, for a total value of $420,960.00. Following the completion of the sale, the insider now owns 15,581 shares of the company’s stock, valued at $819,872.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the sale, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,545 shares of company stock valued at $4,458,430. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 0.5 %

Shares of NYSE SLB opened at $49.20 on Friday. The company’s 50 day simple moving average is $51.74 and its 200 day simple moving average is $52.13. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The firm has a market capitalization of $70.32 billion, a P/E ratio of 16.35, a P/E/G ratio of 0.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same period in the prior year, the business posted $0.63 earnings per share. Schlumberger’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be issued a $0.275 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, June 5th. Schlumberger’s dividend payout ratio is currently 36.54%.

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.