Schlumberger Limited (NYSE:SLB) Shares Purchased by Narwhal Capital Management

Narwhal Capital Management raised its position in shares of Schlumberger Limited (NYSE:SLB) by 225.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,645 shares of the oil and gas company’s stock after purchasing an additional 51,715 shares during the quarter. Narwhal Capital Management’s holdings in Schlumberger were worth $2,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Schlumberger by 26.4% during the 2nd quarter. AQR Capital Management LLC now owns 557,533 shares of the oil and gas company’s stock valued at $26,210,000 after purchasing an additional 116,284 shares in the last quarter. APG Asset Management N.V. increased its holdings in Schlumberger by 8.4% in the second quarter. APG Asset Management N.V. now owns 150,796 shares of the oil and gas company’s stock valued at $6,638,000 after buying an additional 11,735 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Schlumberger in the second quarter worth about $1,180,000. Scientech Research LLC boosted its stake in shares of Schlumberger by 301.6% during the 2nd quarter. Scientech Research LLC now owns 15,792 shares of the oil and gas company’s stock worth $745,000 after acquiring an additional 11,860 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its position in shares of Schlumberger by 13.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 16,029 shares of the oil and gas company’s stock valued at $756,000 after acquiring an additional 1,929 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Trading Up 0.6 %

Shares of SLB opened at $42.30 on Monday. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The stock has a 50-day moving average price of $40.74 and a 200 day moving average price of $42.74. 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 company has a market capitalization of $59.73 billion, a P/E ratio of 13.60, a P/E/G ratio of 9.98 and a beta of 1.52.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9,241,140 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Schlumberger Limited will post 3.34 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.70%. Schlumberger’s dividend payout ratio (DPR) is currently 35.37%.

Analysts Set New Price Targets

SLB has been the subject of a number of recent analyst reports. Susquehanna cut their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group decreased their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Evercore ISI reissued an “in-line” rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus decreased their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Insider Buying and Selling at Schlumberger

In other news, VP Ugo Prechner sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares of the company’s stock, valued at approximately $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,258 shares of company stock worth $8,732,604. 0.26% of the stock is owned by 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.