Versor Investments LP Takes $859,000 Position in Schlumberger Limited (NYSE:SLB)

Versor Investments LP bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,411 shares of the oil and gas company's stock, valued at approximately $859,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SLB. State Street Corp increased its holdings in Schlumberger by 0.6% during 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 purchasing an additional 528,279 shares during the period. Geode Capital Management LLC increased its stake in shares of Schlumberger by 0.8% during the third quarter. Geode Capital Management LLC now owns 28,608,226 shares of the oil and gas company's stock valued at $1,195,290,000 after buying an additional 239,966 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after acquiring an additional 12,938,082 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Schlumberger by 20.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company's stock worth $470,425,000 after acquiring an additional 1,916,851 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Schlumberger by 12.7% during the 4th quarter. Van ECK Associates Corp now owns 8,103,715 shares of the oil and gas company's stock worth $310,696,000 after acquiring an additional 915,925 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Remove Ads

Schlumberger Stock Performance

Schlumberger stock traded down $1.85 during trading hours on Monday, hitting $39.81. 18,325,584 shares of the stock traded hands, compared to its average volume of 14,289,948. The firm's 50 day moving average price is $40.51 and its 200-day moving average price is $41.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The stock has a market capitalization of $54.14 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 10.10 and a beta of 1.51. Schlumberger Limited has a 1 year low of $36.52 and a 1 year 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 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 for the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the company earned $0.86 EPS. Schlumberger's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 2.86%. Schlumberger's payout ratio is currently 36.66%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the sale, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction that occurred on 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 directly owns 49,595 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SLB has been the subject of several research reports. Sanford C. Bernstein raised shares of Schlumberger to a "strong-buy" rating in a research report on Tuesday, November 12th. Griffin Securities cut Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Stifel Nicolaus reduced their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company dropped their price objective on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Finally, Atb Cap Markets downgraded shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.81.

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.