Eukles Asset Management Has $355,000 Stock Position in Schlumberger Limited (NYSE:SLB)

Eukles Asset Management increased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,261 shares of the oil and gas company’s stock after purchasing an additional 482 shares during the period. Eukles Asset Management’s holdings in Schlumberger were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SLB. Dynamic Advisor Solutions LLC lifted its stake in shares of Schlumberger by 7.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 10,365 shares of the oil and gas company’s stock valued at $435,000 after buying an additional 696 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Schlumberger by 32.2% during the third quarter. Valeo Financial Advisors LLC now owns 31,125 shares of the oil and gas company’s stock valued at $1,306,000 after purchasing an additional 7,589 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Schlumberger by 2.9% in the 3rd quarter. Inspire Investing LLC now owns 137,990 shares of the oil and gas company’s stock valued at $5,789,000 after purchasing an additional 3,909 shares during the period. Exchange Traded Concepts LLC raised its stake in Schlumberger by 205.6% during the third quarter. Exchange Traded Concepts LLC now owns 15,636 shares of the oil and gas company’s stock worth $656,000 after acquiring an additional 10,520 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of Schlumberger by 3.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 39,278 shares of the oil and gas company’s stock worth $1,648,000 after purchasing an additional 1,430 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SLB. Bank of America cut their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price target on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the transaction, the executive vice president now directly owns 210,502 shares of the company’s stock, valued at $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction that occurred 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 sale, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 263,782 shares of company stock worth $11,442,229. 0.26% of the stock is owned by company insiders.

Schlumberger Stock Up 0.3 %

Shares of NYSE SLB opened at $40.15 on Monday. The firm has a 50 day moving average price of $40.17 and a 200 day moving average price of $42.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The stock has a market cap of $56.25 billion, a P/E ratio of 12.91, a P/E/G ratio of 9.49 and a beta of 1.51. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

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.