Little House Capital LLC Has $949,000 Position in Schlumberger Limited (NYSE:SLB)

Little House Capital LLC raised its stake in Schlumberger Limited (NYSE:SLB) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,239 shares of the oil and gas company’s stock after buying an additional 251 shares during the period. Little House Capital LLC’s holdings in Schlumberger were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BluePath Capital Management LLC acquired a new position in shares of Schlumberger in the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Schlumberger in the fourth quarter valued at about $26,000. MCF Advisors LLC grew its stake in shares of Schlumberger by 1,355.9% in the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 461 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in shares of Schlumberger by 1,180.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 602 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in shares of Schlumberger by 64.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 292 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLB has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. HSBC reaffirmed a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a research report on Thursday, April 4th. Bank of America cut their price objective on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company upped their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, BMO Capital Markets cut their price objective on shares of Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Katharina Beumelburg sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.62, for a total transaction of $420,960.00. Following the completion of the sale, the insider now owns 15,581 shares of the company’s stock, valued at approximately $819,872.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,545 shares of company stock valued at $4,458,430. 0.26% of the stock is currently owned by company insiders.

Schlumberger Trading Down 0.5 %

NYSE SLB traded down $0.24 during trading hours on Friday, reaching $49.20. The company’s stock had a trading volume of 8,250,858 shares, compared to its average volume of 9,808,635. The stock has a market cap of $70.32 billion, a P/E ratio of 16.35, a P/E/G ratio of 0.95 and a beta of 1.60. The firm has a fifty day simple moving average of $51.74 and a 200-day simple moving average of $52.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $8.71 billion during 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 firm posted $0.63 EPS. Equities analysts forecast that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, June 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio is currently 36.54%.

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.