Susquehanna Fundamental Investments LLC Takes $32.63 Million Position in Schlumberger Limited (NYSE:SLB)

Susquehanna Fundamental Investments LLC bought a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 850,983 shares of the oil and gas company's stock, valued at approximately $32,627,000. Susquehanna Fundamental Investments LLC owned about 0.06% of Schlumberger at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. HBK Investments L P acquired a new stake in shares of Schlumberger in the 4th quarter valued at approximately $12,265,000. Two Sigma Securities LLC lifted its holdings in shares of Schlumberger by 194.2% in the 4th quarter. Two Sigma Securities LLC now owns 13,188 shares of the oil and gas company's stock valued at $506,000 after buying an additional 27,188 shares during the period. Nebula Research & Development LLC lifted its holdings in shares of Schlumberger by 61.7% in the 4th quarter. Nebula Research & Development LLC now owns 55,130 shares of the oil and gas company's stock valued at $2,114,000 after buying an additional 21,033 shares during the period. Stonebridge Capital Advisors LLC raised its holdings in Schlumberger by 5.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 248,732 shares of the oil and gas company's stock worth $9,536,000 after purchasing an additional 11,781 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Schlumberger by 16.7% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 857,155 shares of the oil and gas company's stock worth $34,595,000 after purchasing an additional 122,821 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's 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 completion of the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. The trade was a 15.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,647 shares of company stock worth $4,876,679. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Schlumberger stock remained flat at $34.10 during trading on Tuesday. The company had a trading volume of 14,629,626 shares, compared to its average volume of 13,233,811. The stock has a market capitalization of $46.37 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The stock has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $40.29. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. 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 released its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The business had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.34%. Schlumberger's payout ratio is 38.64%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Citigroup lifted their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Barclays reduced their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday. 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. Finally, TD Cowen lifted their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.32.

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.