Benin Management CORP Buys 550 Shares of Schlumberger Limited (NYSE:SLB)

Benin Management CORP grew its position in Schlumberger Limited (NYSE:SLB) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,466 shares of the oil and gas company’s stock after purchasing an additional 550 shares during the period. Benin Management CORP’s holdings in Schlumberger were worth $1,206,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SLB. CX Institutional grew its stake in Schlumberger by 2.4% during the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company’s stock worth $398,000 after buying an additional 244 shares during the last quarter. LexAurum Advisors LLC grew its position in Schlumberger by 2.3% during the 4th quarter. LexAurum Advisors LLC now owns 13,008 shares of the oil and gas company’s stock worth $499,000 after acquiring an additional 298 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Schlumberger during the 4th quarter valued at $530,000. Brighton Jones LLC raised its position in Schlumberger by 21.4% in the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in Schlumberger in the fourth quarter worth $377,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $42.30 on Friday. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $59.73 billion, a PE ratio of 13.60, a PEG ratio of 9.98 and a beta of 1.52. The stock’s fifty day simple moving average is $40.76 and its 200 day simple moving average is $42.78.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9,241,140 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. On average, research analysts predict that Schlumberger Limited will post 3.34 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. TD Cowen boosted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Susquehanna decreased their price target on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company dropped their price objective on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, BMO Capital Markets decreased their price objective on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Insider Activity at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares in the company, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,258 shares of company stock valued at $8,732,604. 0.26% of the stock is owned by corporate 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.