AMF Tjanstepension AB Buys 979,820 Shares of Schlumberger Limited (NYSE:SLB)

AMF Tjanstepension AB lifted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 273.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,338,376 shares of the oil and gas company's stock after buying an additional 979,820 shares during the period. AMF Tjanstepension AB owned about 0.10% of Schlumberger worth $51,384,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its position in Schlumberger by 0.6% during the third quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock valued at $3,808,476,000 after purchasing an additional 528,279 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Schlumberger by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock valued at $1,195,290,000 after buying an additional 239,966 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after buying an additional 12,938,082 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Schlumberger by 20.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock worth $470,425,000 after buying an additional 1,916,851 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Schlumberger by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,244,975 shares of the oil and gas company's stock worth $316,112,000 after acquiring an additional 254,178 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Transactions at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock worth $12,546,660 over the last quarter. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

SLB has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Barclays decreased their price objective on shares of Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company cut their price objective on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. TD Cowen upped their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.81.

Schlumberger Stock Down 2.1 %

SLB stock traded down $0.87 during trading on Tuesday, reaching $40.27. The stock had a trading volume of 4,552,623 shares, compared to its average volume of 14,309,746. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.69. The company's 50 day moving average is $40.80 and its two-hundred day moving average is $41.61. The company has a market capitalization of $54.77 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 10.10 and a beta of 1.47. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. Equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

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.