BNP Paribas Grows Position in Schlumberger Limited (NYSE:SLB)

BNP Paribas grew its position in Schlumberger Limited (NYSE:SLB - Free Report) by 769.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,396 shares of the oil and gas company's stock after acquiring an additional 129,561 shares during the period. BNP Paribas' holdings in Schlumberger were worth $5,613,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of 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 valued at $188,232,000 after purchasing an additional 332,500 shares during the last quarter. Versant Capital Management Inc lifted its stake in 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 buying an additional 745 shares during the period. Modus Advisors LLC bought a new position in Schlumberger during the fourth quarter worth about $50,000. Nordea Investment Management AB grew its position in shares of Schlumberger by 7.2% during the 4th 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 grew its holdings in shares of Schlumberger by 54.2% in the 4th 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 during the period. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen increased their target price on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. BMO Capital Markets reduced their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Piper Sandler dropped their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Five investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.32.

Insider Activity at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the business's 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 of the company's stock, valued at $1,311,990.68. The trade was a 44.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the company's 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 transaction, the insider now owns 53,584 shares in the company, valued at approximately $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 corporate insiders.

Schlumberger Trading Down 0.3 %

NYSE:SLB traded down $0.08 during trading hours on Wednesday, hitting $33.50. 12,123,281 shares of the company were exchanged, compared to its average volume of 13,379,293. The stock has a market capitalization 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 company has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $39.91. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last released 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). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period in the prior year, the company posted $0.75 EPS. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.40%. Schlumberger's payout ratio is 38.64%.

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.