Saxon Interests Inc. Makes New $206,000 Investment in Schlumberger Limited (NYSE:SLB)

Saxon Interests Inc. acquired a new position in shares of Schlumberger Limited (NYSE:SLB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,962 shares of the oil and gas company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently made changes to their positions in the stock. BluePath Capital Management LLC acquired a new position in shares of Schlumberger in the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC bought a new stake in Schlumberger during the first quarter valued at $25,000. Coppell Advisory Solutions LLC bought a new position in shares of Schlumberger in the 2nd quarter worth about $27,000. MCF Advisors LLC grew its stake in Schlumberger by 1,355.9% during the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 461 shares during the period. Finally, Indiana Trust & Investment Management CO acquired a new position in Schlumberger in the third quarter valued at approximately $31,000. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Price Performance

NYSE SLB traded down $0.09 on Thursday, hitting $54.81. The company had a trading volume of 7,689,950 shares, compared to its average volume of 11,501,060. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The company has a market capitalization of $78.24 billion, a PE ratio of 18.82, a PEG ratio of 0.97 and a beta of 1.59. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12. The company’s fifty day moving average price is $50.37 and its 200-day moving average price is $53.18.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. Schlumberger’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. As a group, analysts predict that Schlumberger Limited will post 3.54 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. Schlumberger’s payout ratio is presently 34.25%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research note on Monday, March 4th. Wells Fargo & Company boosted their target price on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Stifel Nicolaus increased their price target on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Schlumberger in a report on Thursday, February 8th. Finally, Barclays decreased their price target on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.87.

Insider Activity at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mogharbel Khaled Al sold 38,570 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the transaction, the executive vice president now directly owns 386,841 shares of the company’s stock, valued at $19,504,523.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,191 shares of company stock valued at $8,636,322. 0.26% of the stock is currently owned by insiders.

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.