Dark Forest Capital Management LP Boosts Stake in Schlumberger Limited (NYSE:SLB)

Dark Forest Capital Management LP raised its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 251.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,363 shares of the oil and gas company's stock after purchasing an additional 18,872 shares during the quarter. Dark Forest Capital Management LP's holdings in Schlumberger were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SLB. Bard Financial Services Inc. bought a new position in shares of Schlumberger during the 3rd quarter valued at approximately $229,000. SkyView Investment Advisors LLC increased its position in Schlumberger by 5.8% in the third quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company's stock worth $712,000 after buying an additional 936 shares during the last quarter. Sfmg LLC lifted its position in shares of Schlumberger by 4.1% during the 3rd quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company's stock valued at $3,708,000 after buying an additional 3,478 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock worth $3,223,000 after acquiring an additional 16,350 shares during the period. Finally, PVG Asset Management Corp purchased a new stake in Schlumberger in the 3rd quarter worth about $386,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Price Performance

Shares of SLB stock traded down $0.43 during trading hours on Monday, hitting $34.09. 13,245,009 shares of the company's stock were exchanged, compared to its average volume of 13,212,130. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The company has a market capitalization of $46.36 billion, a PE ratio of 10.96, a PEG ratio of 10.10 and a beta of 1.11. The business's 50 day simple moving average is $38.61 and its 200-day simple moving average is $40.36. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business's revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday. BMO Capital Markets lowered their target price on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Susquehanna cut their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their price objective on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.50.

Insider Buying and Selling

In other news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the transaction, the executive vice president now directly owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,647 shares of company stock worth $4,876,679 in the last ninety days. 0.26% of the stock is owned by insiders.

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.