California State Teachers Retirement System Has $131.30 Million Stake in Schlumberger Limited (NYSE:SLB)

California State Teachers Retirement System boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,424,631 shares of the oil and gas company’s stock after purchasing an additional 441,273 shares during the quarter. California State Teachers Retirement System owned about 0.25% of Schlumberger worth $131,300,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SLB. Bard Financial Services Inc. bought a new stake in shares of Schlumberger in the third quarter valued at approximately $229,000. SkyView Investment Advisors LLC boosted its holdings in Schlumberger by 5.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company’s stock valued at $712,000 after purchasing an additional 936 shares during the period. Sfmg LLC grew its position in Schlumberger by 4.1% in the 3rd quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company’s stock worth $3,708,000 after purchasing an additional 3,478 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company’s stock worth $3,223,000 after purchasing an additional 16,350 shares during the period. Finally, PVG Asset Management Corp bought a new stake in shares of Schlumberger in the third quarter valued at about $386,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Down 1.2 %

Shares of NYSE:SLB opened at $34.09 on Tuesday. The stock has a market capitalization of $46.36 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The company’s 50-day moving average price is $38.45 and its two-hundred day moving average price is $40.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94.

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

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.34%. Schlumberger’s dividend payout ratio is presently 38.64%.

Insider Activity at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the transaction, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. The trade was a 15.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,647 shares of company stock worth $4,876,679. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday. Citigroup increased their price target on Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Evercore ISI reiterated an “in-line” rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, BMO Capital Markets lowered their price target on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.50.

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.