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

Thompson Siegel & Walmsley LLC lifted its holdings in Schlumberger Limited (NYSE:SLB) 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:SLB) 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.

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

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.