Robinson Value Management Ltd. Raises Stock Holdings in Schlumberger Limited (NYSE:SLB)

Robinson Value Management Ltd. raised its stake in shares of Schlumberger Limited (NYSE:SLB) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 62,312 shares of the oil and gas company’s stock after buying an additional 582 shares during the quarter. Schlumberger makes up approximately 1.6% of Robinson Value Management Ltd.’s portfolio, making the stock its 26th biggest position. Robinson Value Management Ltd.’s holdings in Schlumberger were worth $2,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Howland Capital Management LLC boosted its stake in Schlumberger by 22.1% in the 4th quarter. Howland Capital Management LLC now owns 13,225 shares of the oil and gas company’s stock worth $511,000 after purchasing an additional 2,390 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in Schlumberger by 19.9% during the 4th quarter. Quotient Wealth Partners LLC now owns 44,436 shares of the oil and gas company’s stock valued at $1,704,000 after acquiring an additional 7,384 shares during the period. WCM Investment Management LLC lifted its stake in Schlumberger by 77.6% during the 4th quarter. WCM Investment Management LLC now owns 37,116 shares of the oil and gas company’s stock valued at $1,403,000 after acquiring an additional 16,218 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Schlumberger by 4.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 19,482 shares of the oil and gas company’s stock worth $747,000 after purchasing an additional 790 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in shares of Schlumberger by 1.8% in the 4th quarter. Apollon Wealth Management LLC now owns 24,902 shares of the oil and gas company’s stock worth $955,000 after purchasing an additional 432 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Trading Up 0.3 %

Schlumberger stock opened at $40.15 on Friday. 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 12 month low of $36.52 and a 12 month high of $55.69. The stock’s 50 day simple moving average is $40.17 and its two-hundred day simple moving average is $42.28. The firm has a market cap of $56.25 billion, a PE ratio of 12.91, a P/E/G ratio of 9.49 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, topping 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.84%. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SLB. TD Cowen increased their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Citigroup raised their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Barclays lowered their price target on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Insider Activity

In related news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the 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 completion of the transaction, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 263,782 shares of company stock worth $11,442,229 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

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.