Aquatic Capital Management LLC Lowers Stock Holdings in Schlumberger Limited (NYSE:SLB)

Aquatic Capital Management LLC lowered its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 41.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,303 shares of the oil and gas company's stock after selling 81,897 shares during the period. Aquatic Capital Management LLC's holdings in Schlumberger were worth $4,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLB. Oxford Asset Management LLP acquired a new position in Schlumberger during the 4th quarter worth approximately $929,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Schlumberger during the fourth quarter valued at approximately $32,627,000. HBK Investments L P acquired a new position in shares of Schlumberger during the fourth quarter worth approximately $12,265,000. Two Sigma Securities LLC lifted its holdings in shares of Schlumberger by 194.2% in the 4th quarter. Two Sigma Securities LLC now owns 13,188 shares of the oil and gas company's stock worth $506,000 after purchasing an additional 27,188 shares in the last quarter. Finally, Nebula Research & Development LLC grew its position in Schlumberger by 61.7% in the 4th quarter. Nebula Research & Development LLC now owns 55,130 shares of the oil and gas company's stock valued at $2,114,000 after purchasing an additional 21,033 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SLB shares. BMO Capital Markets dropped their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Evercore ISI reissued an "in-line" rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, 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 report on Thursday, March 27th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.32.

Insider Buying and Selling

In other Schlumberger news, 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 transaction, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gavin Rennick sold 26,990 shares of the business's 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 sale, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. This trade represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Performance

NYSE SLB traded up $1.00 during trading hours on Friday, reaching $34.74. 13,303,533 shares of the company were exchanged, compared to its average volume of 13,309,597. 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 stock has a market capitalization of $47.24 billion, a P/E ratio of 11.17, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The business's 50 day simple moving average is $37.83 and its 200-day simple moving average is $40.06.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results 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). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same period last year, the firm posted $0.75 EPS. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently declared 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 3.28%. Schlumberger's payout ratio is 38.64%.

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.