EntryPoint Capital LLC Takes Position in Schlumberger Limited (NYSE:SLB)

EntryPoint Capital LLC purchased a new position in Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,032 shares of the oil and gas company's stock, valued at approximately $270,000.

Several other hedge funds have also recently added to or reduced their stakes in SLB. YANKCOM Partnership acquired a new position in shares of Schlumberger in the fourth quarter worth about $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger during the 4th quarter worth approximately $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger during the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC boosted its position in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Performance

Shares of Schlumberger stock traded up $0.17 on Tuesday, reaching $41.97. The stock had a trading volume of 7,264,702 shares, compared to its average volume of 12,175,243. 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 business's 50-day moving average price is $41.25 and its two-hundred day moving average price is $41.48. The stock has a market cap of $57.07 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.65.

Remove Ads

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly 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 company had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, sell-side 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 issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.72%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI reissued an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Barclays lowered 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. BMO Capital Markets cut their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Finally, TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.69.

Insiders Place Their Bets

In related news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger 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 sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock valued at $12,546,660 in the last three months. Company insiders own 0.26% of the company's stock.

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.