Schlumberger Limited (NYSE:SLB) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in Schlumberger Limited (NYSE:SLB) by 53.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,291 shares of the oil and gas company’s stock after selling 60,254 shares during the quarter. Teza Capital Management LLC’s holdings in Schlumberger were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SLB. YANKCOM Partnership acquired a new stake in shares of Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at approximately $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the fourth quarter valued at approximately $38,000. Finally, True Wealth Design LLC increased its stake in shares of Schlumberger by 584.7% during the fourth quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 842 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $35.74 on Friday. The company’s fifty day moving average is $36.74 and its two-hundred day moving average is $39.57. 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 $31.11 and a 12-month high of $50.94. The company has a market cap of $48.61 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (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 for the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the firm earned $0.75 earnings per share. Schlumberger’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is currently 38.64%.

Insider Buying and Selling at Schlumberger

In other news, insider Gavin Rennick sold 26,990 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. The trade was a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aparna Raman sold 25,133 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SLB shares. Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company upgraded shares of Schlumberger from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Piper Sandler lowered their price objective on shares of Schlumberger from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Finally, Morgan Stanley lowered their price objective on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.44.

About Schlumberger

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.