Schlumberger Limited (NYSE:SLB) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Schlumberger Limited (NYSE:SLB) by 12,289.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,043,359 shares of the oil and gas company’s stock after acquiring an additional 12,938,082 shares during the period. Schlumberger makes up about 1.1% of Pacer Advisors Inc.’s investment portfolio, making the stock its 15th largest position. Pacer Advisors Inc. owned approximately 0.92% of Schlumberger worth $500,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Asset Strategies Inc. acquired a new stake in Schlumberger during the fourth quarter valued at approximately $713,000. waypoint wealth counsel increased its holdings in shares of Schlumberger by 15.3% in the fourth quarter. waypoint wealth counsel now owns 7,968 shares of the oil and gas company’s stock valued at $305,000 after buying an additional 1,057 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Schlumberger during the 4th quarter valued at $266,000. Blue Trust Inc. boosted its stake in shares of Schlumberger by 27.0% during the 4th quarter. Blue Trust Inc. now owns 28,073 shares of the oil and gas company’s stock worth $1,178,000 after acquiring an additional 5,962 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of Schlumberger by 10.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 15,617 shares of the oil and gas company’s stock worth $599,000 after acquiring an additional 1,441 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Performance

SLB stock opened at $42.30 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The firm has a 50 day moving average of $40.74 and a two-hundred day moving average of $42.72. The company has a market capitalization of $59.73 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 9.98 and a beta of 1.52.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9,241,140 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 quarter in the prior year, the firm posted $0.86 EPS. As a group, equities analysts anticipate that Schlumberger Limited will post 3.34 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. Schlumberger’s payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler assumed coverage on Schlumberger in a report on Thursday, December 19th. They set a “neutral” rating and a $47.00 target price for the company. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Barclays cut their price target on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Citigroup raised their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets cut their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Insider Buying and Selling

In related news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the sale, the executive vice president now owns 184,626 shares in the company, valued at $8,140,160.34. This represents a 40.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dianne B. Ralston sold 43,161 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the transaction, the insider now directly owns 235,024 shares in the company, valued at approximately $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 198,258 shares of company stock valued at $8,732,604. Company insiders own 0.26% of the company’s stock.

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.