Trexquant Investment LP bought a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,105,588 shares of the oil and gas company's stock, valued at approximately $42,388,000. Schlumberger accounts for 0.5% of Trexquant Investment LP's investment portfolio, making the stock its 13th largest position. Trexquant Investment LP owned 0.08% of Schlumberger at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in Schlumberger by 0.6% in the 3rd quarter. State Street Corp now owns 90,209,014 shares of the oil and gas company's stock worth $3,808,476,000 after buying an additional 528,279 shares in the last quarter. Geode Capital Management LLC boosted its position in Schlumberger by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after acquiring an additional 1,377,134 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Schlumberger by 1.2% in the fourth quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company's stock worth $1,067,254,000 after purchasing an additional 343,261 shares in the last quarter. Norges Bank acquired a new position in shares of Schlumberger during the fourth quarter valued at $735,398,000. Finally, Boston Partners raised its stake in shares of Schlumberger by 9.9% during the fourth quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock valued at $597,356,000 after purchasing an additional 1,405,186 shares in the last quarter. Institutional investors own 81.99% of the company's stock.
Schlumberger Price Performance
Shares of SLB traded down $2.97 during trading hours on Thursday, hitting $39.23. The stock had a trading volume of 40,719,820 shares, compared to its average volume of 12,333,179. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65. The stock has a market capitalization of $53.34 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 10.10 and a beta of 1.11. The company's fifty day moving average is $41.23 and its two-hundred day moving average is $41.50. 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 data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $9.24 billion. During the same quarter last year, the business posted $0.86 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current 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 issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.91%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is currently 36.66%.
Insider Buying and Selling at Schlumberger
In related news, Director Vijay Kasibhatla sold 25,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now owns 49,595 shares in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on SLB shares. Piper Sandler began coverage on shares of Schlumberger in a research report on Thursday, December 19th. They issued a "neutral" rating and a $47.00 target price for the company. Evercore ISI reiterated an "in-line" rating and set a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Atb Cap Markets downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Citigroup increased their price target on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Barclays dropped their price objective on Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $55.69.
View Our Latest Analysis on SLB
About Schlumberger
(
Free Report)
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.
See Also
Before you consider Schlumberger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Schlumberger wasn't on the list.
While Schlumberger currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
