Versor Investments LP Invests $859,000 in Schlumberger Limited (NYSE:SLB)

Versor Investments LP bought a new position in Schlumberger Limited (NYSE:SLB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,411 shares of the oil and gas company’s stock, valued at approximately $859,000.

A number of other hedge funds have also modified their holdings of the stock. Prospera Private Wealth LLC bought a new stake in Schlumberger during the 3rd quarter worth approximately $29,000. YANKCOM Partnership bought a new stake in Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger during the 4th quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in Schlumberger during the 3rd quarter worth approximately $37,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bejar Carmen Rando sold 5,524 shares of the firm’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 sale, the insider now owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gavin Rennick sold 26,990 shares of the firm’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 sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 290,772 shares of company stock valued at $12,546,660. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SLB shares. Stifel Nicolaus decreased their price target on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. TD Cowen increased their price target on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Citigroup increased their price objective on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, Atb Cap Markets lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus target price of $55.81.

Schlumberger Stock Up 0.6 %

NYSE:SLB opened at $40.86 on Friday. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. 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 firm has a market capitalization of $55.56 billion, a P/E ratio of 13.14, a P/E/G ratio of 10.10 and a beta of 1.51. The stock’s fifty day simple moving average is $40.41 and its 200-day simple moving average is $41.84.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the company earned $0.86 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share 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 dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is presently 36.66%.

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.