Capula Management Ltd Acquires New Holdings in Schlumberger Limited (NYSE:SLB)

Capula Management Ltd purchased a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,485 shares of the oil and gas company's stock, valued at approximately $1,437,000.

A number of other hedge funds have also recently made changes to their positions in the business. YANKCOM Partnership bought a new stake in Schlumberger in the fourth quarter worth $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC bought a new stake in shares of Schlumberger in the 4th quarter valued at about $34,000. Hager Investment Management Services LLC bought a new stake in shares of Schlumberger in the 4th quarter valued at about $38,000. Finally, Bogart Wealth LLC boosted its holdings in Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 844 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were 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 owns 30,829 shares of the company's stock, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the transaction, the insider now directly owns 235,024 shares in the company, valued at $10,331,655.04. This trade represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,905 shares of company stock valued at $13,609,283. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SLB. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Barclays decreased their price objective on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. TD Cowen increased their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Citigroup boosted their price target on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and an average target price of $54.68.

Schlumberger Stock Up 4.3 %

Shares of SLB traded up $1.40 during mid-day trading on Friday, reaching $33.94. The company had a trading volume of 20,882,247 shares, compared to its average volume of 12,996,074. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The firm has a 50-day moving average price of $39.99 and a 200 day moving average price of $41.03. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $52.91.

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 the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.285 per share. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

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.