Commerzbank Aktiengesellschaft FI Raises Position in Schlumberger Limited (NYSE:SLB)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 51,526 shares of the oil and gas company’s stock after acquiring an additional 1,306 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Schlumberger were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in Schlumberger during the 3rd quarter worth approximately $29,000. YANKCOM Partnership acquired a new position in Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC purchased a new position in Schlumberger in the fourth quarter worth $32,000. Ashton Thomas Securities LLC purchased a new stake in Schlumberger during the third quarter worth about $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the 4th quarter worth $34,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their target price on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. TD Cowen boosted their price target on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Barclays dropped their target price on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, Evercore ISI reissued an “in-line” rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Schlumberger presently has an average rating of “Moderate Buy” and a consensus price target of $55.81.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the transaction, the director now owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares of the company’s stock, valued at $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock valued at $12,546,660 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Schlumberger Stock Performance

Shares of SLB stock opened at $39.81 on Tuesday. The company’s fifty day simple moving average is $40.56 and its 200-day simple moving average is $41.76. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The company has a market cap of $54.14 billion, a PE ratio of 12.80, a P/E/G ratio of 10.10 and a beta of 1.51.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the company posted $0.86 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a dividend of $0.285 per share. 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 2.86%. Schlumberger’s payout ratio is 36.66%.

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.