HBK Investments L P Acquires New Holdings in Schlumberger Limited (NYSE:SLB)

HBK Investments L P acquired a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 319,900 shares of the oil and gas company's stock, valued at approximately $12,265,000.

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

Schlumberger Stock Down 1.2 %

Schlumberger stock traded down $0.43 during midday trading on Monday, hitting $34.09. 13,251,023 shares of the company were exchanged, compared to its average volume of 13,212,149. The company's fifty day moving average price is $38.61 and its 200-day moving average price is $40.36. The company has a market cap of $46.36 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. On average, research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the transaction, the insider now directly owns 30,829 shares of the company's stock, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,647 shares of company stock valued at $4,876,679 in the last three months. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SLB shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Barclays decreased their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday. TD Cowen increased their price objective on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group decreased their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.50.

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.