Bogart Wealth LLC Purchases 844 Shares of Schlumberger Limited (NYSE:SLB)

Bogart Wealth LLC lifted its holdings in Schlumberger Limited (NYSE:SLB) by 468.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,024 shares of the oil and gas company’s stock after buying an additional 844 shares during the period. Bogart Wealth LLC’s holdings in Schlumberger were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SLB. Prospera Private Wealth LLC purchased a new position in shares of Schlumberger during the 3rd quarter valued at about $29,000. YANKCOM Partnership bought a new stake in Schlumberger during the 4th quarter valued at approximately $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger during the 4th quarter valued at approximately $32,000. Ashton Thomas Securities LLC bought a new stake in Schlumberger during the 3rd quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC bought a new stake in Schlumberger during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Transactions at Schlumberger

In related news, insider Bejar Carmen Rando sold 5,524 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. The trade was a 15.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dianne B. Ralston sold 43,161 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total value of $1,897,357.56. Following the transaction, the insider now owns 235,024 shares in the company, valued at approximately $10,331,655.04. This trade represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 263,782 shares of company stock valued at $11,442,229. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 0.8 %

Shares of NYSE SLB opened at $41.75 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $40.08 and a two-hundred day simple moving average of $42.05. The firm has a market cap of $58.48 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.51. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. Analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.73%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s payout ratio is presently 36.66%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their price target on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. BMO Capital Markets dropped their target price on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $57.00 target price on shares of Schlumberger in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Schlumberger presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

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.