Caisse DE Depot ET Placement DU Quebec Has $47.42 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Caisse DE Depot ET Placement DU Quebec raised its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,236,836 shares of the oil and gas company's stock after purchasing an additional 400,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.09% of Schlumberger worth $47,420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SLB. YANKCOM Partnership acquired a new stake in Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in shares of Schlumberger during the fourth quarter worth $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger in the 4th quarter valued at $34,000. Hager Investment Management Services LLC acquired a new position in Schlumberger in the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC raised its position in Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Schlumberger

In related news, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This represents a 44.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Evercore ISI reiterated an "in-line" rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group cut their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and an average target price of $53.32.

Schlumberger Trading Down 2.8 %

Shares of NYSE SLB traded down $0.97 during midday trading on Monday, reaching $33.76. 17,265,878 shares of the stock were exchanged, compared to its average volume of 13,334,643. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. The company has a market capitalization of $45.92 billion, a P/E ratio of 10.86, a P/E/G ratio of 10.10 and a beta of 1.06. The stock has a 50 day moving average price of $37.83 and a 200-day moving average price of $40.01. 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 (NYSE:SLB - Get Free Report) last announced its quarterly 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 company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the business earned $0.75 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed 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 of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.38%. Schlumberger's dividend payout ratio is currently 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.