Schlumberger Limited (NYSE:SLB) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,245 shares of the oil and gas company's stock after buying an additional 21,495 shares during the quarter. UniSuper Management Pty Ltd's holdings in Schlumberger were worth $4,112,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SLB. Sava Infond d.o.o. bought a new position in shares of Schlumberger during the 4th quarter valued at about $54,000. Artisan Partners Limited Partnership boosted its holdings in Schlumberger by 29.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,258,919 shares of the oil and gas company's stock valued at $124,947,000 after acquiring an additional 740,127 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Schlumberger by 6.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,343,805 shares of the oil and gas company's stock worth $90,447,000 after purchasing an additional 144,031 shares during the last quarter. Banco BTG Pactual S.A. increased its stake in shares of Schlumberger by 27.4% in the fourth quarter. Banco BTG Pactual S.A. now owns 25,495 shares of the oil and gas company's stock worth $979,000 after buying an additional 5,480 shares during the period. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of Schlumberger during the fourth quarter valued at about $218,000. 81.99% of the stock is owned by institutional investors.

Schlumberger Trading Down 0.1 %

Shares of Schlumberger stock traded down $0.05 on Wednesday, reaching $42.15. The company had a trading volume of 6,949,068 shares, compared to its average volume of 12,209,086. The firm's 50-day moving average price is $41.22 and its two-hundred day moving average price is $41.50. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.65. The firm has a market cap of $57.32 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 10.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data 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. The company 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%. Schlumberger's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.70%. Schlumberger's dividend payout ratio is currently 36.66%.

Wall Street Analysts Forecast Growth

SLB has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Piper Sandler assumed coverage on shares of Schlumberger in a report on Thursday, December 19th. They set a "neutral" rating and a $47.00 target price for the company. Atb Cap Markets lowered Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.69.

Insider Transactions at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the sale, the executive vice president now owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is currently owned by company insiders.

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.