Schlumberger Limited (NYSE:SLB) Stock Position Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,169 shares of the oil and gas company's stock after buying an additional 16,704 shares during the period. O Shaughnessy Asset Management LLC's holdings in Schlumberger were worth $5,259,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SLB. YANKCOM Partnership acquired a new position in shares of Schlumberger during the 4th quarter valued at $31,000. Stonebridge Financial Group LLC purchased a new position in Schlumberger in the fourth quarter valued at about $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the fourth quarter worth about $34,000. Hager Investment Management Services LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth about $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after buying an additional 844 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value 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 $1,311,990.68. This represents a 44.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dianne B. Ralston sold 43,161 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the sale, the insider now directly owns 235,024 shares in the company, valued at $10,331,655.04. The trade was a 15.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,905 shares of company stock worth $13,609,283. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler started coverage on Schlumberger in a research report on Thursday, December 19th. They set a "neutral" rating and a $47.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Barclays decreased their target price on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Atb Cap Markets cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.79.

Schlumberger Stock Performance

SLB traded down $4.45 during trading hours on Friday, hitting $34.77. 49,170,861 shares of the stock were exchanged, compared to its average volume of 12,487,331. 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 12 month low of $34.04 and a 12 month high of $55.65. The stock 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 cap of $47.28 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. Analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.285 per share. This is an increase 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 payout ratio is 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.