Two Sigma Investments LP Increases Holdings in Schlumberger Limited (NYSE:SLB)

Two Sigma Investments LP increased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 32.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,971,188 shares of the oil and gas company’s stock after acquiring an additional 482,521 shares during the period. Two Sigma Investments LP’s holdings in Schlumberger were worth $75,575,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SLB. Norges Bank bought a new position in Schlumberger in the 4th quarter worth approximately $735,398,000. Pacer Advisors Inc. boosted its position in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company’s stock worth $500,082,000 after acquiring an additional 12,938,082 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Schlumberger by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company’s stock valued at $2,913,312,000 after acquiring an additional 5,225,828 shares in the last quarter. Lazard Asset Management LLC grew its stake in Schlumberger by 3,112.1% during the fourth quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company’s stock valued at $139,059,000 after acquiring an additional 3,514,134 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Schlumberger by 12.2% in the 4th quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company’s stock valued at $1,101,804,000 after acquiring an additional 3,119,543 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Down 1.9%

Shares of NYSE:SLB opened at $35.10 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The business has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $39.53. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The firm has a market capitalization of $47.74 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $8.49 billion for the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. Schlumberger’s revenue was down 2.5% compared to the same quarter last year. On average, equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger’s payout ratio is presently 38.64%.

Insider Buying and Selling

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares of the company’s stock, valued at $1,311,990.68. The trade was a 44.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares of the company’s stock, valued at $2,192,657.28. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SLB shares. Royal Bank of Canada restated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Susquehanna dropped their price target on Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a research note on Monday, April 28th. Morgan Stanley reduced their price objective on Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday. Jefferies Financial Group lowered their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Finally, Wells Fargo & Company raised shares of Schlumberger from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Schlumberger has a consensus 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.