Schlumberger Limited (NYSE:SLB) Shares Bought by Hara Capital LLC

Hara Capital LLC raised its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 697.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,977 shares of the oil and gas company's stock after acquiring an additional 69,068 shares during the quarter. Schlumberger makes up 2.0% of Hara Capital LLC's holdings, making the stock its 10th largest holding. Hara Capital LLC's holdings in Schlumberger were worth $3,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLB. Prospera Private Wealth LLC bought a new stake in shares of Schlumberger during the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new stake in shares of Schlumberger in the 4th quarter worth $31,000. Stonebridge Financial Group LLC bought a new position in shares of Schlumberger during the 4th quarter worth $32,000. Golden State Wealth Management LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Schlumberger during the third quarter valued at $37,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of several recent research reports. Piper Sandler initiated coverage on shares of Schlumberger in a report on Thursday, December 19th. They set a "neutral" rating and a $47.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. TD Cowen increased their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Finally, Stifel Nicolaus decreased their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.81.

Schlumberger Stock Performance

NYSE SLB traded down $0.87 during trading hours on Friday, reaching $41.73. The stock had a trading volume of 13,669,641 shares, compared to its average volume of 14,156,785. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69. 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 stock has a market cap of $58.45 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 10.00 and a beta of 1.51. The stock has a fifty day moving average of $40.20 and a 200 day moving average of $41.91.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results 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 net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. During the same quarter last year, the company posted $0.86 earnings per share. The firm's revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares in the company, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 263,782 shares of company stock valued at $11,442,229. 0.26% of the stock is owned by company insiders.

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.