Schlumberger Limited (NYSE:SLB) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,134,661 shares of the oil and gas company's stock after acquiring an additional 77,862 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Schlumberger worth $81,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky increased its position in Schlumberger by 25.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock worth $31,961,000 after buying an additional 156,698 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after acquiring an additional 16,350 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Schlumberger by 32.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock worth $2,737,000 after buying an additional 17,405 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Schlumberger by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock valued at $1,146,195,000 after purchasing an additional 1,377,134 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC raised its stake in shares of Schlumberger by 502.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock valued at $7,592,000 after acquiring an additional 165,162 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Stock Up 2.6 %

Shares of NYSE:SLB traded up $0.86 on Friday, hitting $33.40. 9,532,641 shares of the company's stock were exchanged, compared to its average volume of 12,931,758. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $54.63. The company has a market capitalization of $45.42 billion, a PE ratio of 10.70, 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 quick ratio of 1.11 and a current ratio of 1.45. The firm's 50-day moving average is $40.13 and its 200 day moving average is $41.09.

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

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, February 5th. Schlumberger's payout ratio is presently 36.66%.

Wall Street Analyst Weigh In

SLB has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $46.00 to $44.00 in a research report on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Finally, TD Cowen upped their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.68.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the transaction, the executive vice president now directly owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 315,905 shares of company stock worth $13,609,283 in the last quarter. Company insiders own 0.26% of the company's stock.

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.