Integrated Advisors Network LLC Buys 762 Shares of Schlumberger Limited (NYSE:SLB)

Integrated Advisors Network LLC increased its stake in Schlumberger Limited (NYSE:SLB) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,554 shares of the oil and gas company’s stock after buying an additional 762 shares during the quarter. Integrated Advisors Network LLC’s holdings in Schlumberger were worth $445,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Schlumberger during the fourth quarter valued at $26,000. Janiczek Wealth Management LLC boosted its stake in shares of Schlumberger by 1,180.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 602 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Schlumberger by 64.3% during the fourth 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 period. American National Bank boosted its stake in shares of Schlumberger by 745.5% during the fourth quarter. American National Bank now owns 744 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 656 shares during the period. Finally, Legacy Bridge LLC boosted its stake in shares of Schlumberger by 39.4% during the fourth quarter. Legacy Bridge LLC now owns 853 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 241 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Performance

SLB opened at $44.44 on Wednesday. Schlumberger Limited has a 52-week low of $42.61 and a 52-week high of $62.12. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market cap of $63.52 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58. The firm’s 50-day moving average price is $47.57 and its 200-day moving average price is $49.79.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $8.71 billion for 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 company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. As a group, equities analysts anticipate that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a $0.275 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a yield of 2.48%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio is currently 36.54%.

Insider Activity at Schlumberger

In related news, CTO Demosthenis Pafitis sold 63,095 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total value of $3,044,964.70. Following the sale, the chief technology officer now owns 33,421 shares in the company, valued at $1,612,897.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Schlumberger news, CTO Demosthenis Pafitis sold 63,095 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total value of $3,044,964.70. Following the sale, the chief technology officer now owns 33,421 shares in the company, valued at approximately $1,612,897.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total value of $1,838,647.24. Following the completion of the sale, the insider now owns 45,851 shares in the company, valued at approximately $2,213,686.28. The disclosure for this sale can be found here. Insiders have sold a total of 106,158 shares of company stock worth $5,099,893 over the last quarter. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SLB shares. Stifel Nicolaus reissued a “buy” rating and set a $64.00 target price on shares of Schlumberger in a research note on Monday, April 22nd. Barclays decreased their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Bank of America decreased their price objective on Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, BMO Capital Markets decreased their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.06.

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.