Cerity Partners LLC Has $5.62 Million Holdings in Schlumberger Limited (NYSE:SLB)

Cerity Partners LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 102.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,858 shares of the oil and gas company’s stock after buying an additional 54,499 shares during the quarter. Cerity Partners LLC’s holdings in Schlumberger were worth $5,618,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. BluePath Capital Management LLC bought a new position in Schlumberger during the 3rd quarter worth about $25,000. Acadian Asset Management LLC bought a new position in Schlumberger during the 1st quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger during the 4th quarter worth about $26,000. Coppell Advisory Solutions LLC bought a new position in Schlumberger during the 2nd quarter worth about $27,000. Finally, MCF Advisors LLC increased its holdings in Schlumberger by 1,355.9% during 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 in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Trading Down 0.5 %

Schlumberger stock opened at $51.41 on Wednesday. The stock has a 50-day simple moving average of $51.43 and a 200 day simple moving average of $52.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The stock has a market capitalization of $73.38 billion, a P/E ratio of 17.61, a PEG ratio of 0.93 and a beta of 1.60. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Analysts expect that Schlumberger Limited will post 3.52 earnings per share for the current year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.95%. Schlumberger’s dividend payout ratio (DPR) is presently 34.25%.

Insiders Place Their Bets

In other Schlumberger 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 sale, the chief financial officer now directly owns 249,182 shares in the company, valued at $13,151,825.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger 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 sale, the executive vice president now directly owns 386,841 shares in the company, valued at $19,504,523.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger 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 sale, the chief financial officer now owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock worth $8,636,322 over the last three months. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the subject of a number of research reports. Bank of America increased their target price on Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. HSBC restated a “buy” rating and issued a $71.00 price objective on shares of Schlumberger in a report on Thursday, April 4th. Stifel Nicolaus raised their price objective on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Benchmark restated a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price objective on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.31.

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.