Boyd Watterson Asset Management LLC OH Acquires 700 Shares of Schlumberger Limited (NYSE:SLB)

Boyd Watterson Asset Management LLC OH grew its holdings in Schlumberger Limited (NYSE:SLB) by 66.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,760 shares of the oil and gas company’s stock after purchasing an additional 700 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Schlumberger were worth $67,000 at the end of the most recent reporting period.

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

Schlumberger Price Performance

Shares of SLB opened at $41.73 on Friday. The firm has a market cap of $58.45 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69. 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 business’s 50 day moving average price is $40.20 and its two-hundred day moving average price is $41.91.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Schlumberger’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

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

Insider Buying and Selling

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 263,782 shares of company stock valued at $11,442,229. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SLB shares. Sanford C. Bernstein upgraded shares of Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Atb Cap Markets lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lowered their price objective on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets dropped their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Finally, Citigroup boosted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and an average price target of $55.81.

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.