California Public Employees Retirement System Lowers Holdings in Schlumberger Limited (NYSE:SLB)

California Public Employees Retirement System trimmed its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,654,428 shares of the oil and gas company's stock after selling 169,155 shares during the quarter. California Public Employees Retirement System owned 0.19% of Schlumberger worth $101,771,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky grew its position in shares of Schlumberger by 25.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock worth $31,961,000 after buying an additional 156,698 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Schlumberger by 27.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after purchasing an additional 16,350 shares during the last quarter. Bryn Mawr Capital Management LLC raised its holdings in shares of Schlumberger by 502.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock valued at $7,592,000 after purchasing an additional 165,162 shares in the last quarter. Narwhal Capital Management lifted its position in shares of Schlumberger by 225.5% during the 4th quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock worth $2,862,000 after purchasing an additional 51,715 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Schlumberger by 5.8% during the fourth quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock worth $11,739,000 after purchasing an additional 16,914 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

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Schlumberger Stock Performance

Shares of Schlumberger stock traded up $0.03 during trading hours on Wednesday, hitting $42.23. 16,496,123 shares of the company were exchanged, compared to its average volume of 12,220,085. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $41.23 and a 200-day moving average of $41.50. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.65. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. As a group, analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.70%. Schlumberger's dividend payout ratio is 36.66%.

Analyst Ratings Changes

SLB has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Jefferies Financial Group decreased their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. increased their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Piper Sandler assumed coverage on shares of Schlumberger in a research report on Thursday, December 19th. They set a "neutral" rating and a $47.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.69.

Insider Activity

In other news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares in the company, valued at $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock worth $13,609,283 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

About Schlumberger

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.