Stockman Wealth Management Inc. Purchases 2,549 Shares of Schlumberger Limited (NYSE:SLB)

Stockman Wealth Management Inc. lifted its position in Schlumberger Limited (NYSE:SLB) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,273 shares of the oil and gas company’s stock after purchasing an additional 2,549 shares during the quarter. Schlumberger accounts for 1.6% of Stockman Wealth Management Inc.’s portfolio, making the stock its 25th largest position. Stockman Wealth Management Inc.’s holdings in Schlumberger were worth $7,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLB. BluePath Capital Management LLC acquired a new stake in Schlumberger in the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at $26,000. MCF Advisors LLC grew its holdings in shares of Schlumberger by 1,355.9% in the 3rd 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 last quarter. Janiczek Wealth Management LLC increased its position in shares of Schlumberger by 1,180.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 602 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in Schlumberger by 64.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 292 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

SLB has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Wells Fargo & Company boosted their price objective on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. TD Cowen decreased their target price on Schlumberger from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Monday. Benchmark reaffirmed a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a report on Monday. Finally, Morgan Stanley restated an “overweight” rating and issued a $65.00 price objective on shares of Schlumberger in a research report on Monday. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Schlumberger presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.67.

Schlumberger Trading Down 0.7 %

Shares of Schlumberger stock traded down $0.33 during trading on Monday, hitting $49.52. 10,878,790 shares of the company were exchanged, compared to its average volume of 11,278,627. The firm has a market capitalization of $70.68 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60. The firm’s fifty day moving average price is $51.64 and its 200 day moving average price is $52.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. As a group, sell-side analysts expect that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 2.22%. Schlumberger’s payout ratio is currently 36.54%.

Insider Buying and Selling at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,191 shares of company stock valued at $8,636,322. Company insiders own 0.26% of the company’s stock.

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.