Game Creek Capital LP Cuts Holdings in Schlumberger Limited (NYSE:SLB)

Game Creek Capital LP lessened its position in shares of Schlumberger Limited (NYSE:SLB) by 55.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,250 shares of the oil and gas company’s stock after selling 53,500 shares during the period. Game Creek Capital LP’s holdings in Schlumberger were worth $1,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in shares of Schlumberger in the fourth quarter worth $32,000. Golden State Wealth Management LLC purchased a new position in shares of Schlumberger in the 4th quarter valued at $34,000. Hager Investment Management Services LLC purchased a new stake in Schlumberger during the 4th quarter worth $38,000. Finally, Bogart Wealth LLC raised its position in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 844 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Up 0.6 %

SLB stock opened at $34.51 on Friday. 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 firm has a market cap of $46.94 billion, a PE ratio of 11.10, a P/E/G ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The firm has a 50 day simple moving average of $37.18 and a 200 day simple moving average of $39.76.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Wednesday, June 4th. Schlumberger’s payout ratio is presently 38.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Susquehanna decreased their price target on Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a report on Monday, April 28th. Wells Fargo & Company raised shares of Schlumberger from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. BMO Capital Markets cut their price target on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Citigroup raised their price objective on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Evercore ISI reiterated an “in-line” rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus price target of $53.32.

Insiders Place Their Bets

In other news, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now directly owns 53,584 shares of the company’s stock, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

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.