Aigen Investment Management LP Boosts Stock Position in Schlumberger Limited (NYSE:SLB)

Aigen Investment Management LP increased its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 133.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,951 shares of the oil and gas company's stock after purchasing an additional 16,572 shares during the period. Aigen Investment Management LP's holdings in Schlumberger were worth $1,214,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in shares of Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 484 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Schlumberger by 204.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 392 shares in the last quarter. Unique Wealth Strategies LLC purchased a new stake in shares of Schlumberger during the 2nd quarter worth approximately $30,000. Riverview Trust Co raised its holdings in shares of Schlumberger by 90.6% during the 2nd quarter. Riverview Trust Co now owns 648 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 308 shares in the last quarter. Finally, First Community Trust NA raised its holdings in shares of Schlumberger by 264.0% during the 2nd quarter. First Community Trust NA now owns 728 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 528 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Shares of NYSE:SLB traded down $0.74 during trading on Wednesday, hitting $43.59. The stock had a trading volume of 9,715,082 shares, compared to its average volume of 11,289,707. Schlumberger Limited has a 12-month low of $38.66 and a 12-month high of $55.69. The stock has a market capitalization of $61.56 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $42.26 and a two-hundred day simple moving average of $44.77.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. Schlumberger's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. On average, equities research analysts expect that Schlumberger Limited will post 3.4 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio is presently 35.37%.

Analysts Set New Price Targets

SLB has been the topic of several recent research reports. Susquehanna decreased their price target on Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Benchmark restated a "buy" rating and set a $68.00 price target on shares of Schlumberger in a report on Monday, July 22nd. Evercore ISI cut their price objective on Schlumberger from $74.00 to $62.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company dropped their price target on Schlumberger from $53.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $60.00 price objective (down previously from $62.00) on shares of Schlumberger in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.97.

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.