Duncker Streett & Co. Inc. Acquires 3,660 Shares of Schlumberger Limited (NYSE:SLB)

Duncker Streett & Co. Inc. raised its holdings in Schlumberger Limited (NYSE:SLB) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,891 shares of the oil and gas company’s stock after acquiring an additional 3,660 shares during the period. Duncker Streett & Co. Inc.’s holdings in Schlumberger were worth $2,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Norges Bank bought a new stake in shares of Schlumberger during the fourth quarter worth about $1,008,286,000. Price T Rowe Associates Inc. MD lifted its stake in Schlumberger by 200.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,736,684 shares of the oil and gas company’s stock valued at $527,173,000 after buying an additional 7,158,943 shares during the period. Royal Bank of Canada lifted its stake in Schlumberger by 79.7% in the third quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company’s stock valued at $286,835,000 after buying an additional 2,182,706 shares during the period. Sanders Capital LLC lifted its stake in Schlumberger by 34.9% in the third quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock valued at $469,693,000 after buying an additional 2,085,506 shares during the period. Finally, Invesco Ltd. raised its position in shares of Schlumberger by 30.5% during the third quarter. Invesco Ltd. now owns 8,370,835 shares of the oil and gas company’s stock worth $488,020,000 after purchasing an additional 1,954,620 shares during the period. Institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of Schlumberger stock traded down $0.26 during trading on Wednesday, hitting $51.41. 10,349,175 shares of the stock traded hands, compared to its average volume of 8,562,214. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The stock has a market cap of $73.38 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.93 and a beta of 1.60. The firm’s fifty day moving average is $51.43 and its 200-day moving average is $52.51. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same period last year, the company earned $0.71 EPS. Schlumberger’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts expect that Schlumberger Limited will post 3.52 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th were given a $0.25 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. Schlumberger’s dividend payout ratio is currently 34.25%.

Insider Transactions at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’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 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 approximately $13,151,825.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. HSBC restated a “buy” rating and issued a $71.00 price objective on shares of Schlumberger in a research note on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their price objective on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Bank of America upped their price objective on Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus target price of $70.31.

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.