Bessemer Group Inc. Has $221.03 Million Stake in Schlumberger Limited (NYSE:SLB)

Bessemer Group Inc. trimmed its position in Schlumberger Limited (NYSE:SLB - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,764,944 shares of the oil and gas company's stock after selling 137,073 shares during the period. Bessemer Group Inc. owned 0.41% of Schlumberger worth $221,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Schlumberger during the fourth quarter worth $735,398,000. Pacer Advisors Inc. raised its holdings 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 worth $500,082,000 after purchasing an additional 12,938,082 shares during the period. Clearbridge Investments LLC lifted its position in shares of Schlumberger by 43,028.0% in the 4th quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock worth $101,708,000 after buying an additional 2,646,653 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Schlumberger by 12.4% in the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock valued at $590,320,000 after buying an additional 1,700,203 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Schlumberger by 196.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock valued at $88,654,000 after buying an additional 1,533,366 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Schlumberger Trading Down 0.4 %

NYSE SLB traded down $0.13 on Monday, hitting $33.83. 6,445,980 shares of the stock were exchanged, compared to its average volume of 12,971,134. The company's 50-day moving average price is $39.99 and its two-hundred day moving average price is $41.03. The company has a market capitalization of $46.00 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $52.91. 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 (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating 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 analyst estimates of $9.24 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. Schlumberger's quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is currently 36.66%.

Insiders Place Their Bets

In related news, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. 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 quarter. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Cowen lifted their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Jefferies Financial Group dropped their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Evercore ISI reissued an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Five investment 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. According to MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and an average price target of $54.21.

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.