Tokio Marine Asset Management Co. Ltd. Increases Stake in Schlumberger Limited (NYSE:SLB)

Tokio Marine Asset Management Co. Ltd. boosted its position in Schlumberger Limited (NYSE:SLB) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,397 shares of the oil and gas company’s stock after purchasing an additional 2,098 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Schlumberger were worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. BluePath Capital Management LLC bought a new stake in Schlumberger during the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Schlumberger in the 4th quarter valued at about $26,000. MCF Advisors LLC boosted its stake in shares of Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 461 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Schlumberger by 1,180.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 602 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its position in Schlumberger by 64.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Activity

In related news, insider Katharina Beumelburg sold 8,000 shares of Schlumberger stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.62, for a total transaction of $420,960.00. Following the transaction, the insider now owns 15,581 shares in the company, valued at approximately $819,872.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $12,688,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katharina Beumelburg sold 8,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.62, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 90,545 shares of company stock valued at $4,458,430 over the last 90 days. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

Shares of NYSE:SLB traded up $0.16 during trading on Thursday, reaching $49.27. The company had a trading volume of 3,942,549 shares, compared to its average volume of 11,168,142. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The stock’s fifty day moving average price is $51.71 and its 200 day moving average price is $52.25. The firm has a market capitalization of $70.33 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business’s revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Schlumberger Limited will post 3.5 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Wednesday, June 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target on shares of Schlumberger in a research note on Monday. Benchmark reiterated a “buy” rating and issued a $68.00 target price on shares of Schlumberger in a research note on Monday. Susquehanna reissued a “positive” rating and issued a $77.00 target price on shares of Schlumberger in a research report on Monday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price target on shares of Schlumberger in a research report on Monday. One analyst has rated the stock with a hold rating and eighteen have issued a 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 $69.67.

Schlumberger Company 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.