AQR Capital Management LLC Purchases 644,979 Shares of Schlumberger Limited (NYSE:SLB)

AQR Capital Management LLC raised its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 113.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,214,909 shares of the oil and gas company's stock after buying an additional 644,979 shares during the quarter. AQR Capital Management LLC owned 0.09% of Schlumberger worth $46,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bard Financial Services Inc. bought a new stake in shares of Schlumberger in the third quarter worth $229,000. Wilmington Savings Fund Society FSB boosted 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 buying an additional 16,350 shares during the period. Synovus Financial Corp increased its stake in shares of Schlumberger by 30.2% during the third quarter. Synovus Financial Corp now owns 109,717 shares of the oil and gas company's stock worth $4,603,000 after purchasing an additional 25,465 shares during the period. Peapack Gladstone Financial Corp increased its position in Schlumberger by 15.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 268,008 shares of the oil and gas company's stock worth $11,244,000 after buying an additional 34,861 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Schlumberger by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 4,487,067 shares of the oil and gas company's stock worth $188,232,000 after purchasing an additional 332,500 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Up 3.0 %

Shares of NYSE:SLB traded up $1.00 during midday trading on Friday, reaching $34.74. The company's stock had a trading volume of 13,303,533 shares, compared to its average volume of 13,318,843. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The firm has a market capitalization of $47.25 billion, a P/E ratio of 11.17, a PEG ratio of 10.10 and a beta of 1.06. The firm has a 50 day moving average of $37.83 and a 200-day moving average of $40.01. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last announced its 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 business had revenue of $8.49 billion for 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%. Schlumberger's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. On average, research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.28%. Schlumberger's dividend payout ratio is currently 38.64%.

Insider Activity

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of Schlumberger 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 transaction, the insider now directly owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 31,031 shares in the company, 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. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped 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. Barclays decreased their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Citigroup upped their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.32.

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.