Bernicke Wealth Management Ltd. Increases Holdings in Schlumberger Limited. (SLB)

Bernicke Wealth Management Ltd. raised its stake in shares of Schlumberger Limited. (NYSE:SLB) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,235 shares of the oil and gas company’s stock after buying an additional 1,601 shares during the period. Bernicke Wealth Management Ltd.’s holdings in Schlumberger were worth $441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Exane Asset Management purchased a new stake in shares of Schlumberger in the 4th quarter worth $37,000. Highwater Wealth Management LLC bought a new position in Schlumberger in the 4th quarter worth $45,000. IMS Capital Management bought a new position in Schlumberger in the 3rd quarter worth $46,000. Lindbrook Capital LLC bought a new position in Schlumberger in the 4th quarter worth $49,000. Finally, First Command Bank boosted its holdings in Schlumberger by 337.7% in the 4th quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after buying an additional 1,155 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Shares of NYSE:SLB opened at $43.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. Schlumberger Limited. has a 12 month low of $34.99 and a 12 month high of $75.43. The stock has a market capitalization of $59.03 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.34.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same quarter last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that Schlumberger Limited. will post 1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Wednesday, February 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s payout ratio is 123.46%.

In related news, EVP Peuch Olivier Le sold 15,000 shares of the stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick Schorn purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average cost of $37.55 per share, with a total value of $375,500.00. Following the acquisition, the executive vice president now owns 35,000 shares in the company, valued at approximately $1,314,250. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on SLB. HSBC raised shares of Schlumberger from a “hold” rating to a “buy” rating in a report on Sunday, December 2nd. Credit Suisse Group set a $44.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a report on Friday, January 18th. Barclays set a $58.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a report on Monday, December 10th. Goldman Sachs Group began coverage on shares of Schlumberger in a report on Sunday, March 10th. They issued a “buy” rating and a $55.00 target price for the company. Finally, Citigroup dropped their target price on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Schlumberger has an average rating of “Buy” and an average target price of $66.00.

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Schlumberger Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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