California State Teachers Retirement System Increases Holdings in Schlumberger Limited (NYSE:SLB)

California State Teachers Retirement System boosted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,424,631 shares of the oil and gas company's stock after purchasing an additional 441,273 shares during the period. California State Teachers Retirement System owned about 0.25% of Schlumberger worth $131,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Schlumberger during the fourth quarter valued at $735,398,000. Pacer Advisors Inc. raised its stake in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after acquiring an additional 12,938,082 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Schlumberger by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock valued at $2,913,312,000 after acquiring an additional 5,225,828 shares during the last quarter. Clearbridge Investments LLC raised its stake in Schlumberger by 43,028.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock worth $101,708,000 after buying an additional 2,646,653 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Schlumberger by 12.4% in the fourth quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock valued at $590,320,000 after buying an additional 1,700,203 shares during the period. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Up 1.5 %

Shares of Schlumberger stock traded up $0.51 on Thursday, hitting $33.76. The company had a trading volume of 18,079,525 shares, compared to its average volume of 13,292,108. The stock has a market capitalization of $45.91 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The stock has a 50 day moving average of $38.11 and a 200-day moving average of $40.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $8.49 billion during 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% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently declared 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is 38.64%.

Insider Activity at Schlumberger

In related news, 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 transaction 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 approximately $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gavin Rennick sold 26,990 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,647 shares of company stock valued at $2,390,279. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday. Citigroup boosted their price objective on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Susquehanna dropped their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Monday. BMO Capital Markets dropped their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, TD Cowen boosted their price objective on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.32.

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.