111 Capital Purchases Shares of 10,574 Schlumberger Limited (NYSE:SLB)

111 Capital purchased a new stake in Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,574 shares of the oil and gas company's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at approximately $34,000. Hager Investment Management Services LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at approximately $38,000. Finally, True Wealth Design LLC increased its holdings in shares of Schlumberger by 584.7% in the fourth quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling

In related news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction 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 in the company, valued at $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 is available at this hyperlink. Also, Director La Chevardiere Patrick De sold 5,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the sale, the director now owns 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Schlumberger Trading Up 2.3%

Shares of NYSE SLB traded up $0.76 during midday trading on Tuesday, reaching $34.10. 16,171,749 shares of the stock were exchanged, compared to its average volume of 13,501,682. The business has a 50-day simple moving average of $34.95 and a two-hundred day simple moving average of $38.85. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 10.10 and a beta of 1.06. 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.

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). The firm 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 company's revenue for the quarter 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, equities research analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given 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 3.34%. Schlumberger's dividend payout ratio is 38.64%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler lowered their price target on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company raised shares of 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 report on Tuesday, April 8th. Barclays reduced their price objective on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Finally, Susquehanna reduced their price objective on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Monday, April 28th. 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.44.

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.