Exencial Wealth Advisors LLC Purchases 1,500 Shares of Schlumberger Limited (NYSE:SLB)

Exencial Wealth Advisors LLC lifted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 23.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,996 shares of the oil and gas company’s stock after purchasing an additional 1,500 shares during the period. Exencial Wealth Advisors LLC’s holdings in Schlumberger were worth $307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLB. Stephens Inc. AR increased its stake in shares of Schlumberger by 37.3% in the third quarter. Stephens Inc. AR now owns 14,035 shares of the oil and gas company’s stock worth $589,000 after buying an additional 3,812 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Schlumberger by 24.9% in the third quarter. Janney Montgomery Scott LLC now owns 261,421 shares of the oil and gas company’s stock worth $10,967,000 after purchasing an additional 52,134 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Schlumberger by 6.5% during the 3rd quarter. QRG Capital Management Inc. now owns 44,582 shares of the oil and gas company’s stock valued at $1,870,000 after purchasing an additional 2,713 shares during the period. Avidian Wealth Enterprises LLC raised its position in Schlumberger by 2.7% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 14,660 shares of the oil and gas company’s stock valued at $615,000 after purchasing an additional 391 shares during the last quarter. Finally, 1834 Investment Advisors Co. lifted its holdings in Schlumberger by 3.9% in the 3rd quarter. 1834 Investment Advisors Co. now owns 10,162 shares of the oil and gas company’s stock worth $426,000 after buying an additional 386 shares during the period. 81.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Griffin Securities downgraded shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Piper Sandler assumed coverage on shares of Schlumberger in a research note on Thursday, December 19th. They set a “neutral” rating and a $47.00 target price on the stock. Jefferies Financial Group decreased their price target on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company cut their price objective on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.81.

Schlumberger Stock Performance

Shares of SLB stock opened at $39.75 on Friday. 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 $54.06 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company’s 50-day moving average is $40.66 and its 200 day moving average is $41.69.

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

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.87%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 36.66%.

Insider Activity at Schlumberger

In other news, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the transaction, the insider now directly owns 235,024 shares of the company’s stock, valued at $10,331,655.04. This represents a 15.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the transaction, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 290,772 shares of company stock valued at $12,546,660 over the last ninety days. Insiders own 0.26% of the company’s stock.

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.