Aigen Investment Management LP raised its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 214.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 91,040 shares of the oil and gas company's stock after acquiring an additional 62,089 shares during the period. Schlumberger accounts for about 0.6% of Aigen Investment Management LP's holdings, making the stock its 20th biggest position. Aigen Investment Management LP's holdings in Schlumberger were worth $3,490,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in Schlumberger by 0.6% in the 3rd quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock valued at $3,808,476,000 after purchasing an additional 528,279 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Schlumberger by 0.8% during the third quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock valued at $1,195,290,000 after acquiring an additional 239,966 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after acquiring an additional 12,938,082 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Schlumberger by 20.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock valued at $470,425,000 after acquiring an additional 1,916,851 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Schlumberger by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,244,975 shares of the oil and gas company's stock valued at $316,112,000 after acquiring an additional 254,178 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Barclays lowered their target price on Schlumberger from $61.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. Evercore ISI restated an "in-line" rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $55.81.
View Our Latest Stock Analysis on SLB
Schlumberger Stock Performance
Shares of SLB traded up $1.60 during mid-day trading on Friday, reaching $41.36. 19,613,595 shares of the company's stock traded hands, compared to its average volume of 14,443,572. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The stock has a market capitalization of $56.25 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The business's 50-day moving average price is $40.73 and its 200-day moving average price is $41.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.
Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.
Schlumberger Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.76%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's payout ratio is presently 36.66%.
Insiders Place Their Bets
In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares of the company's stock, valued at $496,808. This trade represents a 38.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction on 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 sale, the director now directly owns 49,595 shares of the company's stock, 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. In the last three months, insiders have sold 290,772 shares of company stock worth $12,546,660. Corporate insiders own 0.26% of the company's stock.
About Schlumberger
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Free Report)
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.
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