Private Wealth Partners LLC Purchases 14,956 Shares of Schlumberger Limited. (SLB)

Private Wealth Partners LLC increased its position in shares of Schlumberger Limited. (NYSE:SLB) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125,155 shares of the oil and gas company’s stock after buying an additional 14,956 shares during the quarter. Schlumberger comprises about 1.6% of Private Wealth Partners LLC’s portfolio, making the stock its 21st largest holding. Private Wealth Partners LLC’s holdings in Schlumberger were worth $8,434,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS boosted its holdings in Schlumberger by 18.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 586,619 shares of the oil and gas company’s stock valued at $39,532,000 after purchasing an additional 90,513 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Schlumberger by 9.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 247,504 shares of the oil and gas company’s stock valued at $16,679,000 after purchasing an additional 20,694 shares in the last quarter. Selway Asset Management boosted its holdings in Schlumberger by 28.0% in the fourth quarter. Selway Asset Management now owns 55,200 shares of the oil and gas company’s stock valued at $3,720,000 after purchasing an additional 12,074 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Schlumberger by 9.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 655,196 shares of the oil and gas company’s stock valued at $44,154,000 after purchasing an additional 56,802 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Schlumberger by 1.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 172,983 shares of the oil and gas company’s stock valued at $11,657,000 after purchasing an additional 1,889 shares in the last quarter. Hedge funds and other institutional investors own 79.88% of the company’s stock.

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SLB has been the subject of a number of research analyst reports. Royal Bank of Canada set a $73.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, December 21st. Morgan Stanley set a $81.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 18th. Cowen set a $85.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. Jefferies Group set a $78.00 price target on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, B. Riley set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $81.44.

Shares of Schlumberger stock opened at $64.14 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a fifty-two week low of $61.02 and a fifty-two week high of $80.89. The firm has a market capitalization of $90,675.29, a price-to-earnings ratio of -58.84, a P/E/G ratio of 5.05 and a beta of 1.03.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. During the same period last year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. analysts anticipate that Schlumberger Limited. will post 2.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is presently -183.49%.

In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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Schlumberger Company Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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