Brevan Howard Capital Management LP Buys Shares of 90,955 Schlumberger Limited (NYSE:SLB)

Brevan Howard Capital Management LP acquired a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,955 shares of the oil and gas company's stock, valued at approximately $3,487,000.

A number of other hedge funds also recently modified their holdings of SLB. Principal Financial Group Inc. grew its holdings in shares of Schlumberger by 8.0% during 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. Versant Capital Management Inc grew its holdings in shares of Schlumberger by 98.9% during the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the oil and gas company's stock worth $57,000 after purchasing an additional 745 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of 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 purchasing an additional 118,074 shares during the period. CWA Asset Management Group LLC increased its stake in shares of 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 during the period. Finally, Bard Financial Services Inc. lifted its position in shares of Schlumberger by 38.1% in the 4th quarter. Bard Financial Services Inc. now owns 7,525 shares of the oil and gas company's stock worth $289,000 after purchasing an additional 2,075 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Performance

SLB stock traded up $0.19 during midday trading on Friday, reaching $34.51. 7,407,388 shares of the company's stock traded hands, compared to its average volume of 13,430,644. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The company has a 50-day moving average price of $37.18 and a two-hundred day moving average price of $39.74. 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 has a market capitalization of $46.94 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

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

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insiders Place Their Bets

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction 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 owns 53,584 shares of the company's stock, valued at $2,192,657.28. This represents a 33.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred on 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 owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This trade represents 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 Upgrades and Downgrades

Several analysts have recently commented on SLB shares. TD Cowen raised their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Piper Sandler cut their target price on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Citigroup boosted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.32.

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.