Mraz Amerine & Associates Inc. Boosts Holdings in Schlumberger Limited (NYSE:SLB)

Mraz Amerine & Associates Inc. boosted its position in Schlumberger Limited (NYSE:SLB) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,523 shares of the oil and gas company’s stock after purchasing an additional 5,771 shares during the quarter. Schlumberger comprises 0.7% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 21st biggest position. Mraz Amerine & Associates Inc.’s holdings in Schlumberger were worth $3,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Landmark Financial Advisors LLC raised its position in shares of Schlumberger by 3.6% during the 3rd quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock valued at $282,000 after buying an additional 170 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Schlumberger by 1.4% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 171 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of Schlumberger by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after purchasing an additional 176 shares during the last quarter. Stonegate Investment Group LLC grew its holdings in shares of Schlumberger by 1.7% during the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after purchasing an additional 177 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of Schlumberger by 4.9% during the 3rd quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Down 1.2 %

Shares of NYSE:SLB traded down $0.60 on Wednesday, hitting $50.81. The company had a trading volume of 7,821,131 shares, compared to its average volume of 11,247,408. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.12. The firm has a market capitalization of $72.53 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 0.93 and a beta of 1.60. The firm’s 50-day simple moving average is $51.43 and its two-hundred day simple moving average is $52.51. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

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

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. Schlumberger’s dividend payout ratio (DPR) is currently 34.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLB. Benchmark reaffirmed a “buy” rating and set a $68.00 target price on shares of Schlumberger in a report on Wednesday, April 3rd. Barclays reduced their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. HSBC reaffirmed a “buy” rating and set a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. Finally, Bank of America raised their price target on shares of Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.31.

Insider Activity at Schlumberger

In related news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the completion of the transaction, the executive vice president now directly owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the transaction, the executive vice president now directly owns 386,841 shares of the company’s stock, valued at $19,504,523.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the completion of the transaction, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at $11,816,212.48. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 in the last three months. Company insiders own 0.26% of the company’s stock.

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.