Schlumberger Limited (NYSE:SLB) is Bayesian Capital Management LP's 8th Largest Position

Bayesian Capital Management LP grew its position in Schlumberger Limited (NYSE:SLB - Free Report) by 3,799.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,845 shares of the oil and gas company's stock after acquiring an additional 187,900 shares during the period. Schlumberger comprises 0.9% of Bayesian Capital Management LP's portfolio, making the stock its 8th largest holding. Bayesian Capital Management LP's holdings in Schlumberger were worth $7,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Schlumberger by 8.0% in the third quarter. Principal Financial Group Inc. now owns 4,487,067 shares of the oil and gas company's stock valued at $188,232,000 after acquiring an additional 332,500 shares during the period. Versant Capital Management Inc lifted its stake in shares of Schlumberger by 98.9% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the oil and gas company's stock valued at $57,000 after purchasing an additional 745 shares during the period. Modus Advisors LLC purchased a new stake in Schlumberger during the fourth quarter worth about $50,000. Nordea Investment Management AB grew its position in Schlumberger by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 1,767,647 shares of the oil and gas company's stock worth $67,772,000 after buying an additional 118,074 shares during the period. Finally, CWA Asset Management Group LLC increased its holdings in Schlumberger by 54.2% in the fourth quarter. CWA Asset Management Group LLC now owns 200,075 shares of the oil and gas company's stock valued at $7,671,000 after buying an additional 70,296 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Trading Down 0.3 %

Shares of NYSE:SLB traded down $0.08 during midday trading on Wednesday, reaching $33.50. The company's stock had a trading volume of 12,123,281 shares, compared to its average volume of 13,379,293. The firm has a market cap of $45.56 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. The business has a 50 day moving average price of $37.55 and a 200 day moving average price of $39.91. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. 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 posted its quarterly earnings results 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). The business had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. Research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is currently 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of Schlumberger 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 transaction, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. The trade was a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction on 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SLB shares. Evercore ISI reissued an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Stifel Nicolaus dropped their price target on 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 reiterated an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Finally, Susquehanna dropped their target price on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Five equities 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's stock. According to MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and an average target price of $53.32.

Schlumberger 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.