Raiffeisen Bank International AG Invests $1.89 Million in Schlumberger Limited (NYSE:SLB)

Raiffeisen Bank International AG bought a new stake in Schlumberger Limited (NYSE:SLB) during the 4th quarter, HoldingsChannel.com reports. The fund bought 50,346 shares of the oil and gas company’s stock, valued at approximately $1,893,000.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in shares of Schlumberger in the 4th quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger in the fourth quarter valued at $34,000. Hager Investment Management Services LLC purchased a new stake in Schlumberger in the fourth quarter valued at $38,000. Finally, Bogart Wealth LLC boosted its holdings in 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 purchasing an additional 844 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on SLB. Piper Sandler lowered their price target on shares of Schlumberger from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Citigroup upped their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised shares of Schlumberger from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Finally, Susquehanna lowered their target price on shares of Schlumberger from $48.00 to $46.00 and set a “positive” rating on the stock in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Schlumberger presently has an average rating of “Moderate Buy” and a consensus target price of $52.44.

Schlumberger Stock Up 0.0%

SLB opened at $35.74 on Friday. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $36.74 and a 200 day moving average price of $39.57. The company has a market cap of $48.61 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB) last released its quarterly earnings data 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). The business had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. Sell-side analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be issued a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.19%. Schlumberger’s payout ratio is 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at approximately $2,192,657.28. This represents a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. The trade was a 44.75% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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.