Baker Avenue Asset Management LP Buys 10,435 Shares of Schlumberger Limited (NYSE:SLB)

Baker Avenue Asset Management LP lifted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 507,089 shares of the oil and gas company's stock after buying an additional 10,435 shares during the quarter. Baker Avenue Asset Management LP's holdings in Schlumberger were worth $19,442,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Banque Transatlantique SA bought a new position in Schlumberger in the fourth quarter valued at about $325,000. Banque de Luxembourg S.A. bought a new stake in shares of Schlumberger during the fourth quarter worth approximately $473,000. Bayesian Capital Management LP lifted its holdings in Schlumberger by 3,799.8% in the fourth quarter. Bayesian Capital Management LP now owns 192,845 shares of the oil and gas company's stock valued at $7,394,000 after buying an additional 187,900 shares during the period. BNP Paribas boosted its stake in Schlumberger by 769.6% in the fourth quarter. BNP Paribas now owns 146,396 shares of the oil and gas company's stock valued at $5,613,000 after acquiring an additional 129,561 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in Schlumberger by 222.0% during the 4th quarter. Ancora Advisors LLC now owns 36,939 shares of the oil and gas company's stock worth $1,416,000 after acquiring an additional 25,468 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SLB. Piper Sandler reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus reduced their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. BMO Capital Markets decreased their price objective on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Schlumberger has an average rating of "Moderate Buy" and a consensus target price of $53.32.

Insider Activity

In related news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the sale, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Trading Down 0.3 %

Shares of Schlumberger stock traded down $0.08 on Wednesday, reaching $33.50. 12,123,281 shares of the company's stock were exchanged, compared to its average volume of 13,379,293. The company has a market capitalization of $45.56 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm's 50-day moving average is $37.55 and its two-hundred day moving average is $39.91.

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

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.40%. 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.