California State Teachers Retirement System Has $131.30 Million Stake in Schlumberger Limited (NYSE:SLB)

California State Teachers Retirement System increased its position in shares of Schlumberger Limited (NYSE:SLB) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,424,631 shares of the oil and gas company’s stock after acquiring an additional 441,273 shares during the period. California State Teachers Retirement System’s holdings in Schlumberger were worth $131,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of SLB. YANKCOM Partnership bought a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the 4th quarter worth about $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger in the fourth quarter valued at about $34,000. Hager Investment Management Services LLC acquired a new stake in shares of Schlumberger during the fourth quarter valued at about $38,000. Finally, Bogart Wealth LLC increased its stake in shares of 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 buying an additional 844 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now owns 210,502 shares of the company’s stock, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the transaction, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,647 shares of company stock valued at $4,876,679. 0.26% of the stock is owned by insiders.

Schlumberger Stock Performance

Shares of SLB opened at $34.09 on Tuesday. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The stock has a 50 day moving average of $38.45 and a 200 day moving average of $40.29. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 10.10 and a beta of 1.11.

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

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.34%. Schlumberger’s payout ratio is 38.64%.

Wall Street Analysts Forecast Growth

SLB has been the subject of several recent research reports. Barclays decreased their price target on shares of Schlumberger from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Citigroup increased their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company raised Schlumberger from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average target price of $53.50.

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.