Schulhoff & Co. Inc. Purchases 500 Shares of Schlumberger Limited (NYSE:SLB)

Schulhoff & Co. Inc. boosted its holdings in Schlumberger Limited (NYSE:SLB) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,240 shares of the oil and gas company’s stock after acquiring an additional 500 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Schlumberger were worth $239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SLB. International Assets Investment Management LLC boosted its holdings in shares of Schlumberger by 4,640.0% during the 3rd quarter. International Assets Investment Management LLC now owns 202,635 shares of the oil and gas company’s stock valued at $8,501,000 after acquiring an additional 198,360 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Schlumberger by 6.7% in the third quarter. Assenagon Asset Management S.A. now owns 47,548 shares of the oil and gas company’s stock worth $1,995,000 after purchasing an additional 2,986 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its position in Schlumberger by 19.7% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 14,374 shares of the oil and gas company’s stock worth $603,000 after purchasing an additional 2,367 shares during the period. Tandem Capital Management Corp ADV purchased a new stake in Schlumberger during the 3rd quarter valued at $1,487,000. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Schlumberger by 7.0% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 62,549 shares of the oil and gas company’s stock valued at $2,624,000 after buying an additional 4,070 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insider Activity

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the 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 transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gavin Rennick sold 26,990 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares in the company, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Performance

SLB opened at $40.86 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 stock has a market capitalization of $55.56 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 10.10 and a beta of 1.51. The company has a fifty day moving average of $40.41 and a 200 day moving average of $41.84. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69.

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

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.79%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus cut their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Evercore ISI reiterated an “in-line” rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets decreased their price target on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Schlumberger 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.