GSA Capital Partners LLP Has $1.11 Million Stock Position in Schlumberger Limited (NYSE:SLB)

GSA Capital Partners LLP lowered its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 50.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,393 shares of the oil and gas company's stock after selling 27,395 shares during the period. GSA Capital Partners LLP's holdings in Schlumberger were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Avantax Advisory Services Inc. boosted its position in shares of Schlumberger by 11.5% in the first quarter. Avantax Advisory Services Inc. now owns 27,713 shares of the oil and gas company's stock worth $1,519,000 after buying an additional 2,866 shares during the period. Kingsview Wealth Management LLC grew its holdings in Schlumberger by 114.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 52,858 shares of the oil and gas company's stock valued at $2,897,000 after purchasing an additional 28,256 shares in the last quarter. Banco Santander S.A. lifted its holdings in Schlumberger by 7.2% in the 1st quarter. Banco Santander S.A. now owns 26,169 shares of the oil and gas company's stock worth $1,434,000 after buying an additional 1,748 shares in the last quarter. M&G Plc acquired a new position in Schlumberger in the 1st quarter worth $16,509,000. Finally, Councilmark Asset Management LLC purchased a new position in Schlumberger in the 1st quarter valued at about $415,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on SLB shares. Barclays cut their price target on Schlumberger from $67.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Morgan Stanley decreased their price target on shares of Schlumberger from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Benchmark reaffirmed a "buy" rating and issued a $68.00 price target on shares of Schlumberger in a report on Monday, July 22nd. Susquehanna dropped their target price on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.97.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Performance

Shares of NYSE SLB traded down $0.27 during midday trading on Friday, hitting $43.18. 9,632,070 shares of the company's stock were exchanged, compared to its average volume of 11,276,779. Schlumberger Limited has a twelve month low of $38.66 and a twelve month high of $55.69. The firm has a market cap of $60.98 billion, a P/E ratio of 14.07, a PEG ratio of 1.54 and a beta of 1.52. The stock's 50 day moving average price is $42.35 and its 200-day moving average price is $44.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Schlumberger Limited will post 3.4 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 annualized dividend and a yield of 2.55%. Schlumberger's payout ratio is 35.37%.

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.