2,160 Shares in Schlumberger Limited (NYSE:SLB) Bought by Pingora Partners LLC

Pingora Partners LLC purchased a new position in shares of Schlumberger Limited (NYSE:SLBFree Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,160 shares of the oil and gas company’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Highland Capital Management LLC increased its position in Schlumberger by 2,494.0% during the fourth quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock worth $5,278,000 after purchasing an additional 97,516 shares during the last quarter. Nordea Investment Management AB boosted its stake in Schlumberger by 36.4% during the fourth quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after buying an additional 380,185 shares during the period. Asset Management One Co. Ltd. boosted its stake in Schlumberger by 6.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock worth $31,726,000 after buying an additional 35,763 shares during the period. Sapient Capital LLC purchased a new position in Schlumberger during the fourth quarter worth about $1,389,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Schlumberger by 85.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 313,518 shares of the oil and gas company’s stock valued at $16,315,000 after purchasing an additional 144,327 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Price Performance

Shares of NYSE SLB opened at $45.92 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $50.10 and its 200 day simple moving average is $50.55. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The stock has a market cap of $65.63 billion, a P/E ratio of 15.25, a P/E/G ratio of 0.88 and a beta of 1.64.

Schlumberger (NYSE:SLBGet Free Report) last issued its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the previous year, the business earned $0.63 earnings per share. Schlumberger’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts expect that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a $0.275 dividend. The ex-dividend date is Wednesday, June 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 2.40%. Schlumberger’s payout ratio is 36.54%.

Insiders Place Their Bets

In related news, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total value of $3,044,964.70. Following the transaction, the chief technology officer now owns 33,421 shares of the company’s stock, valued at approximately $1,612,897.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Schlumberger news, insider Gavin Rennick sold 38,083 shares of Schlumberger stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the transaction, the insider now owns 45,851 shares of the company’s stock, valued at approximately $2,213,686.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $48.26, for a total value of $3,044,964.70. Following the transaction, the chief technology officer now directly owns 33,421 shares in the company, valued at approximately $1,612,897.46. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SLB shares. Susquehanna reiterated a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research note on Monday, April 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target on shares of Schlumberger in a research note on Monday, April 22nd. StockNews.com upgraded shares of Schlumberger from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Benchmark reissued a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.72.

View Our Latest Research Report on SLB

Schlumberger Company Profile

(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

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited (NYSE:SLBFree Report).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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