ST Germain D J Co. Inc. Has $27.09 Million Stake in Schlumberger Limited (NYSE:SLB)

ST Germain D J Co. Inc. boosted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,511 shares of the oil and gas company’s stock after buying an additional 6,505 shares during the period. Schlumberger comprises 1.2% of ST Germain D J Co. Inc.’s portfolio, making the stock its 15th largest holding. ST Germain D J Co. Inc. owned approximately 0.05% of Schlumberger worth $27,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLB. ORG Partners LLC boosted its stake in Schlumberger by 393.5% in the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 484 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Schlumberger in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schlumberger in the 3rd quarter valued at $37,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Schlumberger by 1,068.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP acquired a new stake in shares of Schlumberger during the 3rd quarter worth about $47,000. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on SLB shares. Jefferies Financial Group decreased their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Susquehanna dropped their price target on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a report on Monday, October 21st. Bank of America cut their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Piper Sandler assumed coverage on Schlumberger in a report on Thursday, December 19th. They set a “neutral” rating and a $47.00 target price on the stock. Finally, Citigroup cut their price target on Schlumberger from $53.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.58.

Schlumberger Stock Down 0.2 %

NYSE SLB traded down $0.09 during trading hours on Friday, reaching $38.72. 4,206,180 shares of the company’s stock were exchanged, compared to its average volume of 9,141,840. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. 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 $41.00 and its two-hundred day moving average is $43.16. The company has a market capitalization of $54.68 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. On average, analysts forecast that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.84%. Schlumberger’s dividend payout ratio is currently 35.37%.

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.