Schlumberger Limited (NYSE:SLB) Stock Holdings Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,390 shares of the oil and gas company's stock after purchasing an additional 17,405 shares during the quarter. Schlumberger makes up about 0.4% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 14th largest position. Dynamic Technology Lab Private Ltd's holdings in Schlumberger were worth $2,737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Schlumberger during the fourth quarter worth about $735,398,000. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 12,938,082 shares during the period. Clearbridge Investments LLC raised its stake in shares of Schlumberger by 43,028.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock worth $101,708,000 after purchasing an additional 2,646,653 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Schlumberger by 12.4% during the fourth quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after purchasing an additional 1,700,203 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Schlumberger by 196.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock valued at $88,654,000 after buying an additional 1,533,366 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SLB. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Piper Sandler started coverage on Schlumberger in a research note on Thursday, December 19th. They issued a "neutral" rating and a $47.00 price target on the stock. TD Cowen increased their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.68.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares of the company's stock, 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. Over the last 90 days, insiders sold 315,905 shares of company stock valued at $13,609,283. Company insiders own 0.26% of the company's stock.

Schlumberger Trading Down 9.9 %

NYSE:SLB traded down $3.57 during mid-day trading on Thursday, reaching $32.41. The company's stock had a trading volume of 18,780,098 shares, compared to its average volume of 12,852,385. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $54.63. The company's fifty day simple moving average is $40.29 and its two-hundred day simple moving average is $41.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock has a market cap of $44.08 billion, a P/E ratio of 10.41, a P/E/G ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm 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 revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were given a $0.285 dividend. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is 36.66%.

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.