Clark & Stuart Inc Takes Position in Schlumberger Limited (NYSE:SLB)

Clark & Stuart Inc acquired a new position in Schlumberger Limited (NYSE:SLB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,685 shares of the oil and gas company’s stock, valued at approximately $3,772,000. Schlumberger comprises approximately 2.8% of Clark & Stuart Inc’s holdings, making the stock its 16th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ORG Partners LLC raised its holdings in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 484 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Schlumberger in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Schlumberger in the 3rd quarter valued at approximately $37,000. DiNuzzo Private Wealth Inc. boosted its position in Schlumberger by 1,068.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 876 shares during the period. Finally, J. Stern & Co. LLP bought a new stake in Schlumberger during the third quarter worth approximately $47,000. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SLB shares. BMO Capital Markets dropped their target price on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Citigroup decreased their target price on Schlumberger from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Piper Sandler initiated coverage on Schlumberger in a research report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Schlumberger from $55.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and an average target price of $57.58.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Down 0.4 %

NYSE:SLB opened at $38.66 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock’s fifty day simple moving average is $40.97 and its 200-day simple moving average is $43.05. The firm has a market capitalization of $54.59 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.42 and a beta of 1.52.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. Equities research analysts expect that Schlumberger Limited will post 3.39 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.85%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

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.