Schlumberger Limited (NYSE:SLB) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of Schlumberger Limited (NYSE:SLB) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 290,924 shares of the oil and gas company’s stock after buying an additional 9,680 shares during the period. Nisa Investment Advisors LLC’s holdings in Schlumberger were worth $11,234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of Schlumberger by 1.8% in the 2nd quarter. Sei Investments Co. now owns 392,899 shares of the oil and gas company’s stock worth $18,537,000 after purchasing an additional 6,998 shares during the period. Fred Alger Management LLC lifted its position in Schlumberger by 116.1% during the second quarter. Fred Alger Management LLC now owns 138,559 shares of the oil and gas company’s stock valued at $6,537,000 after buying an additional 74,451 shares in the last quarter. AXA S.A. grew its stake in Schlumberger by 10.6% during the second quarter. AXA S.A. now owns 981,406 shares of the oil and gas company’s stock worth $43,133,000 after buying an additional 94,265 shares during the period. AQR Capital Management LLC increased its position in shares of Schlumberger by 26.4% in the second quarter. AQR Capital Management LLC now owns 557,533 shares of the oil and gas company’s stock worth $26,210,000 after acquiring an additional 116,284 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Schlumberger by 8.4% in the 2nd quarter. APG Asset Management N.V. now owns 150,796 shares of the oil and gas company’s stock valued at $6,638,000 after acquiring an additional 11,735 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction 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 $496,808. The trade was a 38.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 198,258 shares of company stock worth $8,732,604 in the last three months. 0.26% of the stock is owned by insiders.

Schlumberger Stock Up 0.9 %

SLB stock opened at $41.99 on Friday. The firm has a fifty day moving average price of $40.79 and a two-hundred day moving average price of $42.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The firm has a market cap of $59.29 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 3.58 and a beta of 1.52.

Schlumberger (NYSE:SLB) last released its quarterly earnings data 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. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9,241,140 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. Schlumberger’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that Schlumberger Limited will post 3.33 EPS for the current year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.72%. Schlumberger’s dividend payout ratio (DPR) is 35.37%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Susquehanna lowered their target price on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday, October 21st. 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. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday. Six equities research 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, the company 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.