Schlumberger Limited (NYSE:SLB) Stock Position Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its holdings in Schlumberger Limited (NYSE:SLB) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,572 shares of the oil and gas company’s stock after selling 6,269 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Schlumberger were worth $4,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC grew its stake in Schlumberger by 9,041.9% during the 3rd quarter. Penserra Capital Management LLC now owns 10,696 shares of the oil and gas company’s stock worth $448,000 after buying an additional 10,579 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Schlumberger by 23.8% during the third quarter. Private Trust Co. NA now owns 2,281 shares of the oil and gas company’s stock valued at $96,000 after acquiring an additional 439 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Schlumberger by 2.0% during the third quarter. The Manufacturers Life Insurance Company now owns 1,215,726 shares of the oil and gas company’s stock worth $51,000,000 after acquiring an additional 24,377 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Schlumberger by 24.9% in the 3rd quarter. D.A. Davidson & CO. now owns 127,053 shares of the oil and gas company’s stock worth $5,330,000 after acquiring an additional 25,368 shares during the period. Finally, Avestar Capital LLC lifted its position in Schlumberger by 12.1% in the 3rd quarter. Avestar Capital LLC now owns 6,192 shares of the oil and gas company’s stock valued at $260,000 after purchasing an additional 670 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Performance

Schlumberger stock opened at $42.14 on Friday. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The firm’s 50 day simple moving average is $41.32 and its 200-day simple moving average is $41.43. 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 company has a market cap of $57.31 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is currently 36.66%.

Insiders Place Their Bets

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the sale, the vice president now owns 11,240 shares of the company’s stock, valued at $496,808. This trade represents a 38.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup raised their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Piper Sandler began coverage on shares of Schlumberger in a research report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and an average target price of $55.69.

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.