Schroder Investment Management Group Grows Position in Schlumberger Limited (NYSE:SLB)

Schroder Investment Management Group lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 898,986 shares of the oil and gas company’s stock after purchasing an additional 12,845 shares during the quarter. Schroder Investment Management Group owned about 0.06% of Schlumberger worth $34,467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLB. Captrust Financial Advisors raised its stake in shares of Schlumberger by 20.3% in the 3rd quarter. Captrust Financial Advisors now owns 136,291 shares of the oil and gas company’s stock valued at $5,717,000 after acquiring an additional 23,005 shares during the period. Erste Asset Management GmbH purchased a new position in Schlumberger in the third quarter valued at about $1,619,000. Atom Investors LP lifted its stake in shares of Schlumberger by 75.8% during the third quarter. Atom Investors LP now owns 12,983 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 5,597 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Schlumberger by 315.2% in the third quarter. Benjamin Edwards Inc. now owns 32,673 shares of the oil and gas company’s stock worth $1,371,000 after buying an additional 24,803 shares during the period. Finally, Ascent Group LLC grew its stake in shares of Schlumberger by 2.6% in the third quarter. Ascent Group LLC now owns 21,072 shares of the oil and gas company’s stock valued at $884,000 after buying an additional 528 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler began coverage on Schlumberger in a research report on Thursday, December 19th. They set a “neutral” rating and a $47.00 price target on the stock. Citigroup raised their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. BMO Capital Markets cut their price objective on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Barclays dropped their target price on Schlumberger from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.69.

Insiders Place Their Bets

In related news, insider Bejar Carmen Rando sold 5,524 shares of the firm’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 directly owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares of the company’s stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,905 shares of company stock worth $13,609,283. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Up 0.8 %

NYSE:SLB opened at $42.11 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $41.22 and a 200-day moving average of $41.50. The firm has a market capitalization of $57.27 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65.

Schlumberger (NYSE:SLB) last issued its 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. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. Analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be given a $0.285 dividend. 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 annualized dividend and a yield of 2.71%. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

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.