Schlumberger Limited (NYSE:SLB) Stock Holdings Lifted by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its holdings in Schlumberger Limited (NYSE:SLBFree Report) by 331.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,739 shares of the oil and gas company’s stock after purchasing an additional 58,171 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Schlumberger were worth $2,904,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SLB. Venturi Wealth Management LLC lifted its position in shares of Schlumberger by 84.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,294 shares of the oil and gas company’s stock worth $96,000 after buying an additional 1,047 shares during the last quarter. Victory Capital Management Inc. lifted its position in Schlumberger by 8.7% in the 3rd quarter. Victory Capital Management Inc. now owns 817,771 shares of the oil and gas company’s stock valued at $34,305,000 after purchasing an additional 65,318 shares during the last quarter. Empower Advisory Group LLC lifted its position in Schlumberger by 4.4% in the 3rd quarter. Empower Advisory Group LLC now owns 7,835 shares of the oil and gas company’s stock valued at $329,000 after purchasing an additional 328 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Schlumberger by 11.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,816 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 683 shares during the last quarter. Finally, Huntington National Bank lifted its position in Schlumberger by 4.4% in the 3rd quarter. Huntington National Bank now owns 39,147 shares of the oil and gas company’s stock valued at $1,642,000 after purchasing an additional 1,665 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Performance

Shares of SLB opened at $41.10 on Friday. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company has a 50-day moving average of $40.95 and a two-hundred day moving average of $41.52. The stock has a market cap of $55.89 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 10.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLBGet Free Report) last announced its earnings results 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 net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same period last year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

Analyst Ratings Changes

Several brokerages recently weighed in on SLB. Griffin Securities downgraded shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. TD Cowen lifted their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Barclays lowered their target price on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Finally, Piper Sandler initiated 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. Six investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.81.

Get Our Latest Research Report on SLB

Insider Buying and Selling

In related news, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 235,024 shares of the company’s stock, valued at approximately $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by company insiders.

About Schlumberger

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited (NYSE:SLBFree Report).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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