Schlumberger Limited (NYSE:SLB) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,932 shares of the oil and gas company’s stock after acquiring an additional 2,378 shares during the period. V Square Quantitative Management LLC’s holdings in Schlumberger were worth $1,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SLB. Littlejohn Financial Services Inc. bought a new position in Schlumberger during the 4th quarter worth $2,004,000. Vontobel Holding Ltd. boosted its stake in Schlumberger by 22.7% during the fourth quarter. Vontobel Holding Ltd. now owns 470,925 shares of the oil and gas company’s stock valued at $18,055,000 after buying an additional 87,098 shares in the last quarter. Bogart Wealth LLC boosted its stake in Schlumberger by 468.9% during the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 844 shares in the last quarter. Avestar Capital LLC boosted its stake in Schlumberger by 13.1% during the fourth quarter. Avestar Capital LLC now owns 7,006 shares of the oil and gas company’s stock valued at $269,000 after buying an additional 814 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its holdings in Schlumberger by 5.1% during the 4th quarter. Stanley Laman Group Ltd. now owns 78,692 shares of the oil and gas company’s stock worth $3,017,000 after buying an additional 3,805 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction on 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 transaction, the insider now directly owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dianne B. Ralston sold 43,161 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the transaction, the insider now directly owns 235,024 shares of the company’s stock, valued at $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock valued at $11,442,229 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Schlumberger Trading Down 0.8 %

NYSE SLB opened at $41.75 on Friday. The business’s 50-day moving average price is $40.06 and its two-hundred day moving average price is $42.09. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The firm has a market capitalization of $58.48 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data 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. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. On average, analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.73%. Schlumberger’s dividend payout ratio is 36.66%.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent analyst reports. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Susquehanna reduced their target price on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a report on Monday, October 21st. Jefferies Financial Group cut their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

Schlumberger Company 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.