Schlumberger Limited. (SLB) Shares Bought by Cerebellum GP LLC

Cerebellum GP LLC lifted its stake in shares of Schlumberger Limited. (NYSE:SLB) by 131.0% in the fourth quarter, Holdings Channel reports. The fund owned 7,074 shares of the oil and gas company’s stock after acquiring an additional 4,011 shares during the quarter. Cerebellum GP LLC’s holdings in Schlumberger were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highwater Wealth Management LLC bought a new stake in Schlumberger in the fourth quarter worth $45,000. IMS Capital Management bought a new stake in Schlumberger in the third quarter worth $46,000. Mainstay Capital Management LLC ADV lifted its stake in Schlumberger by 3,884.1% in the second quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 6,603 shares during the last quarter. Zions Bancorporation bought a new stake in Schlumberger in the third quarter worth $131,000. Finally, Truvestments Capital LLC bought a new stake in Schlumberger in the third quarter worth $132,000. 77.67% of the stock is owned by institutional investors.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Schlumberger from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. ValuEngine raised shares of Schlumberger from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Macquarie set a $71.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Citigroup lowered their price target on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, January 4th. Finally, Wolfe Research assumed coverage on shares of Schlumberger in a research note on Wednesday, October 10th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. Schlumberger presently has an average rating of “Buy” and a consensus price target of $70.11.

Shares of NYSE SLB opened at $41.74 on Friday. Schlumberger Limited. has a 1 year low of $34.99 and a 1 year high of $80.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market cap of $57.11 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.27 and a beta of 1.16.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.57 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. Schlumberger’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts predict that Schlumberger Limited. will post 1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Wednesday, December 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Tuesday, December 4th. Schlumberger’s dividend payout ratio is currently 133.33%.

In other Schlumberger news, EVP Patrick Schorn acquired 10,000 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were acquired at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the acquisition, the executive vice president now owns 35,000 shares in the company, valued at $1,314,250. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Simon Ayat sold 60,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total transaction of $3,396,000.00. Following the completion of the sale, the chief financial officer now owns 234,008 shares in the company, valued at approximately $13,244,852.80. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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