Janiczek Wealth Management LLC Has $34,000 Stake in Schlumberger Limited (NYSE:SLB)

Janiczek Wealth Management LLC raised its holdings in Schlumberger Limited (NYSE:SLB) by 1,180.4% in the fourth quarter, Holdings Channel reports. The fund owned 653 shares of the oil and gas company’s stock after acquiring an additional 602 shares during the period. Janiczek Wealth Management LLC’s holdings in Schlumberger were worth $34,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Highland Capital Management LLC lifted its holdings in shares of Schlumberger by 2,494.0% in the fourth quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock valued at $5,278,000 after purchasing an additional 97,516 shares in the last quarter. Guinness Asset Management LTD lifted its holdings in shares of Schlumberger by 0.3% in the third quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock valued at $19,468,000 after purchasing an additional 965 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Schlumberger by 36.4% in the fourth quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock valued at $74,080,000 after purchasing an additional 380,185 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Schlumberger by 3.8% in the third quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 206 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Schlumberger by 6.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock valued at $31,726,000 after purchasing an additional 35,763 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 50,000 shares of the 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 transaction, the executive vice president now owns 261,507 shares in the company, valued at $12,688,319.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the transaction, the executive vice president now owns 386,841 shares in the company, valued at approximately $19,504,523.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Abdellah Merad sold 50,000 shares of the firm’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 transaction, the executive vice president now owns 261,507 shares in the company, valued at approximately $12,688,319.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,191 shares of company stock worth $8,636,322. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE SLB opened at $52.00 on Friday. The firm has a market cap of $74.22 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12. The business’s 50 day moving average is $51.30 and its 200-day moving average is $52.68.

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

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th were paid 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 dividend yield of 1.92%. Schlumberger’s dividend payout ratio (DPR) is currently 34.25%.

Wall Street Analyst Weigh In

SLB has been the topic of a number of research reports. HSBC restated a “buy” rating and issued a $71.00 price target on shares of Schlumberger in a report on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Stifel Nicolaus increased their price target on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company increased their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada increased their price target on Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.80.

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.