Schlumberger Limited (NYSE:SLB) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,985,360 shares of the oil and gas company's stock after purchasing an additional 1,377,134 shares during the period. Geode Capital Management LLC owned about 2.14% of Schlumberger worth $1,146,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SLB. Teachers Retirement System of The State of Kentucky lifted its holdings in Schlumberger by 25.9% in the 3rd 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 boosted its holdings in Schlumberger by 27.0% in the third 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 grew its stake in Schlumberger by 502.6% during 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 increased its holdings in 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 raised its position in shares of Schlumberger by 5.8% in the 4th quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock valued at $11,739,000 after purchasing an additional 16,914 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Griffin Securities downgraded shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Evercore ISI reissued an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Finally, Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.79.

Insider Activity

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction on 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 in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 315,905 shares of company stock valued at $13,609,283. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

NYSE:SLB traded down $4.45 during mid-day trading on Friday, hitting $34.77. The stock had a trading volume of 49,170,861 shares, compared to its average volume of 12,487,331. 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 company has a 50 day simple moving average of $41.02 and a 200-day simple moving average of $41.45. The stock has a market capitalization of $47.28 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 52 week low of $34.04 and a 52 week high of $55.65.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (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 during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were paid a $0.285 dividend. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 3.28%. Schlumberger's dividend payout ratio is presently 36.66%.

Schlumberger 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.