Van Cleef Asset Management Inc Buys 832 Shares of Schlumberger Limited (NYSE:SLB)

Van Cleef Asset Management Inc lifted its stake in shares of Schlumberger Limited (NYSE:SLB) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,751 shares of the oil and gas company’s stock after acquiring an additional 832 shares during the quarter. Schlumberger comprises approximately 0.6% of Van Cleef Asset Management Inc’s holdings, making the stock its 28th largest position. Van Cleef Asset Management Inc’s holdings in Schlumberger were worth $4,306,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Schlumberger during the fourth quarter valued at approximately $660,000. Syon Capital LLC grew its stake in Schlumberger by 9.8% in the 4th quarter. Syon Capital LLC now owns 20,643 shares of the oil and gas company’s stock valued at $1,074,000 after buying an additional 1,848 shares during the last quarter. Lyell Wealth Management LP raised its holdings in Schlumberger by 4.7% in the 4th quarter. Lyell Wealth Management LP now owns 174,008 shares of the oil and gas company’s stock worth $9,055,000 after acquiring an additional 7,772 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Schlumberger by 4.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 53,397 shares of the oil and gas company’s stock worth $2,779,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in Schlumberger by 12.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 38,782 shares of the oil and gas company’s stock valued at $2,019,000 after acquiring an additional 4,368 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the sale, the executive vice president now owns 261,507 shares in the company, valued at approximately $12,688,319.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the transaction, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,545 shares of company stock valued at $4,458,430. 0.26% of the stock is currently owned by insiders.

Schlumberger Price Performance

Shares of SLB stock traded up $0.34 during trading hours on Thursday, hitting $49.45. The company had a trading volume of 7,965,899 shares, compared to its average volume of 11,221,724. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37. The firm’s fifty day moving average is $51.71 and its 200 day moving average is $52.25. The firm has a market capitalization of $70.58 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.96 and a beta of 1.60.

Schlumberger (NYSE:SLB) last announced its quarterly 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. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The firm had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Schlumberger Limited will post 3.5 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 2.22%. Schlumberger’s payout ratio is 36.54%.

Analyst Ratings Changes

SLB has been the topic of a number of recent analyst reports. Bank of America dropped their price objective on Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday. HSBC reiterated a “buy” rating and set a $71.00 price target on shares of Schlumberger in a report on Thursday, April 4th. Morgan Stanley restated an “overweight” rating and issued a $65.00 price objective on shares of Schlumberger in a research note on Monday. Barclays cut their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.67.

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.