Schlumberger Limited (NYSE:SLB) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its position in Schlumberger Limited (NYSE:SLB) by 18.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,941 shares of the oil and gas company’s stock after acquiring an additional 3,440 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Schlumberger were worth $841,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC increased its position in shares of Schlumberger by 25.2% in the third quarter. Townsquare Capital LLC now owns 37,094 shares of the oil and gas company’s stock worth $1,556,000 after acquiring an additional 7,464 shares in the last quarter. Glenmede Trust Co. NA raised its position in Schlumberger by 5.9% in the third quarter. Glenmede Trust Co. NA now owns 109,415 shares of the oil and gas company’s stock valued at $4,590,000 after purchasing an additional 6,060 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Schlumberger by 92.3% during the third quarter. Rockefeller Capital Management L.P. now owns 414,618 shares of the oil and gas company’s stock worth $17,406,000 after purchasing an additional 199,047 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Schlumberger in the third quarter worth about $262,000. Finally, Captrust Financial Advisors grew its stake in shares of Schlumberger by 20.3% in the third quarter. Captrust Financial Advisors now owns 136,291 shares of the oil and gas company’s stock valued at $5,717,000 after buying an additional 23,005 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Down 0.6 %

Schlumberger stock opened at $41.87 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.65. The firm’s 50-day moving average is $41.29 and its 200-day moving average is $41.47. The company has a market cap of $56.93 billion, a P/E ratio of 13.46, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is presently 36.66%.

Wall Street Analysts Forecast Growth

SLB has been the topic of several recent research reports. Atb Cap Markets lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Stifel Nicolaus reduced their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Barclays lowered their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. BMO Capital Markets cut their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their target price on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.69.

Insiders Place Their Bets

In other Schlumberger 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 value of $1,098,500.00. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dianne B. Ralston sold 43,161 shares of the business’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 value of $1,897,357.56. Following the transaction, 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. Insiders have sold 290,772 shares of company stock valued at $12,546,660 over the last three months. Company insiders own 0.26% of the company’s stock.

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.