Crestline Management LP Invests $2.30 Million in Schlumberger Limited (NYSE:SLB)

Crestline Management LP bought a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 60,000 shares of the oil and gas company's stock, valued at approximately $2,300,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in shares of Schlumberger in the fourth quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the 4th quarter valued at approximately $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger in the fourth quarter valued at $38,000. Finally, Bogart Wealth LLC increased its position in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Up 0.6 %

Shares of SLB stock traded up $0.19 during mid-day trading on Friday, hitting $34.51. The stock had a trading volume of 7,407,388 shares, compared to its average volume of 13,430,644. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The firm's 50-day moving average is $37.18 and its two-hundred day moving average is $39.74. The firm has a market capitalization of $46.94 billion, a P/E 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 earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

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

Insider Buying and Selling at Schlumberger

In other news, insider Gavin Rennick sold 26,990 shares of Schlumberger 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 transaction, the insider now 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 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 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 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 disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on SLB shares. Susquehanna dropped their price objective on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. BMO Capital Markets dropped their price target on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Finally, Evercore ISI restated an "in-line" rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Five investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.