Tejara Capital Ltd Decreases Stock Holdings in Schlumberger Limited (NYSE:SLB)

Tejara Capital Ltd cut its position in Schlumberger Limited (NYSE:SLB - Free Report) by 39.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,300 shares of the oil and gas company's stock after selling 65,814 shares during the quarter. Schlumberger comprises 2.5% of Tejara Capital Ltd's investment portfolio, making the stock its 15th biggest position. Tejara Capital Ltd's holdings in Schlumberger were worth $3,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SLB. Oppenheimer Asset Management Inc. raised its position in shares of Schlumberger by 11.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,816 shares of the oil and gas company's stock valued at $286,000 after buying an additional 683 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Schlumberger by 0.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 40,715 shares of the oil and gas company's stock valued at $1,708,000 after buying an additional 284 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Schlumberger by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 225,906 shares of the oil and gas company's stock valued at $9,476,000 after buying an additional 4,665 shares in the last quarter. Swiss National Bank raised its position in shares of Schlumberger by 0.7% during the 3rd quarter. Swiss National Bank now owns 4,242,627 shares of the oil and gas company's stock valued at $177,978,000 after buying an additional 29,200 shares in the last quarter. Finally, Islay Capital Management LLC grew its holdings in shares of Schlumberger by 4,952.4% during the 3rd quarter. Islay Capital Management LLC now owns 26,525 shares of the oil and gas company's stock valued at $1,113,000 after purchasing an additional 26,000 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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Schlumberger Trading Down 0.5 %

Shares of SLB traded down $0.19 during trading hours on Friday, reaching $41.09. 73,470,042 shares of the company traded hands, compared to its average volume of 11,711,113. The company's fifty day moving average price is $41.18 and its two-hundred day moving average price is $41.41. The company has a market capitalization of $55.87 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. During the same period last year, the company posted $0.86 EPS. Schlumberger's revenue was up 3.3% on a year-over-year basis. Equities 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a dividend of $0.285 per share. This is a boost from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is 36.66%.

Analysts Set New Price Targets

Several research firms recently commented on SLB. Barclays reduced their target price on shares of Schlumberger from $61.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. BMO Capital Markets reduced their target price on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Finally, TD Cowen increased their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.81.

Insider Activity at Schlumberger

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of Schlumberger 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 approximately $2,192,657.28. The trade was a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock valued at $12,546,660 in the last three months. Company insiders own 0.26% of the company's stock.

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.