Schlumberger Limited (NYSE:SLB) Shares Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 61.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,130 shares of the oil and gas company's stock after purchasing an additional 21,033 shares during the period. Nebula Research & Development LLC's holdings in Schlumberger were worth $2,114,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SLB. Norges Bank acquired a new position in shares of Schlumberger during the 4th quarter worth approximately $735,398,000. Pacer Advisors Inc. raised its position in shares of Schlumberger by 12,289.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after purchasing an additional 12,938,082 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Schlumberger by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after purchasing an additional 5,225,828 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Schlumberger by 43,028.0% during the 4th quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock worth $101,708,000 after purchasing an additional 2,646,653 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Schlumberger by 12.4% during the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after purchasing an additional 1,700,203 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Bejar Carmen Rando sold 5,524 shares of the business'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 completion of the sale, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares of the company's stock, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,647 shares of company stock worth $4,876,679 in the last three months. 0.26% of the stock is owned by insiders.

Schlumberger Stock Down 1.2 %

NYSE SLB traded down $0.43 during trading hours on Monday, hitting $34.09. The company had a trading volume of 13,251,023 shares, compared to its average volume of 13,212,149. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $50.94. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 10.96, a P/E/G 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. The firm's 50 day moving average is $38.61 and its 200 day moving average is $40.36.

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

Schlumberger Dividend Announcement

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

Wall Street Analyst Weigh In

SLB has been the subject of several research reports. Susquehanna cut their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday. BMO Capital Markets lowered their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Citigroup lifted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Schlumberger currently has a consensus rating of "Moderate Buy" and an average target price of $53.50.

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.