Schlumberger Limited (NYSE:SLB) Shares Purchased by Caprock Group LLC

Caprock Group LLC raised its holdings in Schlumberger Limited (NYSE:SLB) by 11.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,802 shares of the oil and gas company’s stock after buying an additional 3,090 shares during the period. Caprock Group LLC’s holdings in Schlumberger were worth $1,151,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Coastwise Capital Group LLC raised its position in shares of Schlumberger by 21.2% during the 4th quarter. Coastwise Capital Group LLC now owns 10,409 shares of the oil and gas company’s stock worth $399,000 after acquiring an additional 1,822 shares in the last quarter. Kempner Capital Management Inc. raised its holdings in Schlumberger by 2.6% during the fourth quarter. Kempner Capital Management Inc. now owns 109,471 shares of the oil and gas company’s stock worth $4,197,000 after purchasing an additional 2,800 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Schlumberger by 301.7% during the 4th quarter. Mediolanum International Funds Ltd now owns 729,335 shares of the oil and gas company’s stock worth $27,508,000 after buying an additional 547,776 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Schlumberger by 1.1% in the 4th quarter. OLD National Bancorp IN now owns 344,876 shares of the oil and gas company’s stock valued at $13,223,000 after buying an additional 3,628 shares in the last quarter. Finally, Busey Bank grew its position in shares of Schlumberger by 74.7% in the 4th quarter. Busey Bank now owns 346,442 shares of the oil and gas company’s stock valued at $13,283,000 after buying an additional 148,172 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SLB has been the subject of several research analyst reports. Piper Sandler began coverage on shares of Schlumberger in a research note on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price objective for the company. TD Cowen upped their target price on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Barclays reduced their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Citigroup raised their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Griffin Securities downgraded shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.81.

Insider Activity

In related news, insider Dianne B. Ralston sold 43,161 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the sale, the insider now owns 235,024 shares in the company, valued at approximately $10,331,655.04. This trade represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now 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 have sold 263,782 shares of company stock worth $11,442,229 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Schlumberger Trading Down 2.0 %

Shares of SLB opened at $40.21 on Monday. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. 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 firm has a market capitalization of $56.32 billion, a P/E ratio of 12.93, a PEG ratio of 9.70 and a beta of 1.52. The firm’s 50-day moving average is $40.49 and its two-hundred day moving average is $42.54.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. Schlumberger’s revenue was up 3.3% on a year-over-year basis. On average, 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. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio is 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.