Samjo Management LLC Has $7.46 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Samjo Management LLC lifted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 117.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,445 shares of the oil and gas company's stock after buying an additional 105,180 shares during the quarter. Schlumberger comprises about 2.8% of Samjo Management LLC's holdings, making the stock its 10th biggest holding. Samjo Management LLC's holdings in Schlumberger were worth $7,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of 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 valued at $31,961,000 after purchasing an additional 156,698 shares during the period. Wilmington Savings Fund Society FSB grew its stake 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 worth $3,223,000 after purchasing an additional 16,350 shares during the period. 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 valued at $2,737,000 after purchasing an additional 17,405 shares in the last quarter. Geode Capital Management LLC grew its position in Schlumberger by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after buying an additional 1,377,134 shares during the period. Finally, Bryn Mawr Capital Management LLC grew its holdings in shares of Schlumberger by 502.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock worth $7,592,000 after acquiring an additional 165,162 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Stock Performance

Shares of NYSE SLB traded down $3.46 during trading on Thursday, reaching $32.52. The stock had a trading volume of 22,155,551 shares, compared to its average volume of 12,869,128. 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 $44.22 billion, a PE ratio of 10.40, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a one year low of $31.11 and a one year high of $54.63. The firm's 50 day moving average price is $40.29 and its two-hundred day moving average price is $41.16.

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 for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 3.51%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is currently 36.66%.

Analyst Ratings Changes

A number of research firms recently issued reports on SLB. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Evercore ISI restated an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. BMO Capital Markets dropped their price objective on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Jefferies Financial Group lowered their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Five investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.68.

Insider Buying and Selling

In other news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now owns 11,240 shares of the company's stock, valued at approximately $496,808. This represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 315,905 shares of company stock worth $13,609,283 in the last three months. 0.26% of the stock is owned by insiders.

About Schlumberger

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.