Elo Mutual Pension Insurance Co Sells 6,269 Shares of Schlumberger Limited (NYSE:SLB)

Elo Mutual Pension Insurance Co cut its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,572 shares of the oil and gas company's stock after selling 6,269 shares during the period. Elo Mutual Pension Insurance Co's holdings in Schlumberger were worth $4,968,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SLB. Penserra Capital Management LLC increased its position in shares of Schlumberger by 9,041.9% during the third quarter. Penserra Capital Management LLC now owns 10,696 shares of the oil and gas company's stock valued at $448,000 after acquiring an additional 10,579 shares during the last quarter. Private Trust Co. NA increased its position in shares of Schlumberger by 23.8% during the 3rd quarter. Private Trust Co. NA now owns 2,281 shares of the oil and gas company's stock valued at $96,000 after purchasing an additional 439 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Schlumberger by 2.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,215,726 shares of the oil and gas company's stock valued at $51,000,000 after purchasing an additional 24,377 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Schlumberger by 24.9% during the 3rd quarter. D.A. Davidson & CO. now owns 127,053 shares of the oil and gas company's stock worth $5,330,000 after purchasing an additional 25,368 shares during the period. Finally, Avestar Capital LLC boosted its holdings in shares of Schlumberger by 12.1% in the 3rd quarter. Avestar Capital LLC now owns 6,192 shares of the oil and gas company's stock worth $260,000 after buying an additional 670 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on SLB shares. Citigroup boosted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Piper Sandler began coverage on Schlumberger in a research note on Thursday, December 19th. They issued a "neutral" rating and a $47.00 price objective on the stock. Jefferies Financial Group decreased their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday. Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.69.

Schlumberger Trading Up 0.1 %

Shares of Schlumberger stock traded up $0.04 on Monday, hitting $41.92. The stock had a trading volume of 6,155,494 shares, compared to its average volume of 12,165,253. The stock's 50-day simple moving average is $41.29 and its two-hundred day simple moving average is $41.47. Schlumberger Limited has a one year low of $36.52 and a one year high of $55.65. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a market cap of $57.01 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, 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 will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 5th. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.72%. Schlumberger's payout ratio is 36.66%.

Insider Activity at Schlumberger

In related news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the transaction, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company's stock, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 over the last quarter. 0.26% of the stock is owned by corporate insiders.

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.