Anson Funds Management LP Makes New $958,000 Investment in Schlumberger Limited (NYSE:SLB)

Anson Funds Management LP acquired a new position in Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the oil and gas company's stock, valued at approximately $958,000.

A number of other hedge funds have also recently modified their holdings of the business. Ariel Investments LLC purchased a new position in Schlumberger during the 4th quarter valued at about $734,000. AlTi Global Inc. lifted its holdings in shares of Schlumberger by 3.5% during the fourth quarter. AlTi Global Inc. now owns 34,217 shares of the oil and gas company's stock valued at $1,312,000 after purchasing an additional 1,169 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its position in shares of Schlumberger by 28.3% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 47,729 shares of the oil and gas company's stock worth $1,830,000 after purchasing an additional 10,530 shares in the last quarter. Wahed Invest LLC grew its stake in shares of Schlumberger by 0.9% in the 4th quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company's stock worth $1,343,000 after buying an additional 319 shares during the last quarter. Finally, FAS Wealth Partners Inc. increased its position in Schlumberger by 8.8% during the 4th quarter. FAS Wealth Partners Inc. now owns 48,380 shares of the oil and gas company's stock valued at $1,855,000 after buying an additional 3,900 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the transaction, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. The trade was 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 owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on SLB. Stifel Nicolaus cut their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Barclays decreased their target price on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. 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 report on Wednesday, January 15th. Jefferies Financial Group cut their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Finally, Citigroup boosted their price target on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Five 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 currently has an average rating of "Moderate Buy" and an average price target of $53.32.

Schlumberger Price Performance

NYSE:SLB traded down $0.15 during trading hours on Tuesday, reaching $33.62. The stock had a trading volume of 17,475,785 shares, compared to its average volume of 13,365,117. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The stock has a market capitalization of $45.72 billion, a PE ratio of 10.81, a PEG ratio of 10.10 and a beta of 1.06. The company has a 50 day moving average price of $37.69 and a two-hundred day moving average price of $39.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

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.