Encompass Capital Advisors LLC Has $42.37 Million Stake in Schlumberger Limited (NYSE:SLB)

Encompass Capital Advisors LLC decreased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,105,040 shares of the oil and gas company's stock after selling 8,591 shares during the quarter. Schlumberger comprises about 1.6% of Encompass Capital Advisors LLC's investment portfolio, making the stock its 23rd biggest position. Encompass Capital Advisors LLC owned about 0.08% of Schlumberger worth $42,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional lifted its stake in shares of Schlumberger by 2.4% during the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after purchasing an additional 244 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Schlumberger by 1.3% during the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after purchasing an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Schlumberger by 0.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock worth $2,174,000 after purchasing an additional 262 shares in the last quarter. Cromwell Holdings LLC lifted its stake in shares of Schlumberger by 7.0% during the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock worth $167,000 after purchasing an additional 283 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Schlumberger by 2.0% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SLB shares. Susquehanna reduced 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, April 28th. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Citigroup upped their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada restated an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, Piper Sandler cut their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.32.

Insider Activity at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of Schlumberger 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now directly owns 53,584 shares of the company's stock, 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 insiders.

Schlumberger Price Performance

Shares of SLB traded down $0.11 during trading hours on Wednesday, hitting $36.00. 6,556,019 shares of the company were exchanged, compared to its average volume of 16,879,842. The company has a market capitalization of $48.97 billion, a PE ratio of 11.58, a PEG ratio of 10.10 and a beta of 1.06. 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 has a fifty day simple moving average of $37.04 and a 200-day simple moving average of $39.67. 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 quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict 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 annualized dividend and a yield of 3.17%. The ex-dividend date is Wednesday, June 4th. 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.