Bessemer Group Inc. Has $273.21 Million Holdings in Schlumberger Limited (NYSE:SLB)

Bessemer Group Inc. increased its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 13.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,536,158 shares of the oil and gas company's stock after buying an additional 771,214 shares during the quarter. Bessemer Group Inc. owned about 0.48% of Schlumberger worth $273,210,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SLB. Brighton Jones LLC increased its stake in Schlumberger by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after buying an additional 1,166 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Schlumberger by 9.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,383 shares of the oil and gas company's stock valued at $206,000 after acquiring an additional 457 shares in the last quarter. TCW Group Inc. increased 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 valued at $759,000 after acquiring an additional 259 shares during the period. Howard Capital Management Inc. raised its holdings in Schlumberger by 6.7% during the fourth quarter. Howard Capital Management Inc. now owns 9,177 shares of the oil and gas company's stock worth $352,000 after purchasing an additional 578 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Schlumberger in the fourth quarter worth approximately $266,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director now directly owns 23,525 shares in the company, valued at approximately $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the 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 in the company, valued at approximately $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

SLB stock traded up $0.62 during midday trading on Thursday, hitting $33.80. The stock had a trading volume of 14,207,913 shares, compared to its average volume of 13,673,929. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $34.51 and a 200 day simple moving average of $37.94. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 8.60 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The business 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 21.76% and a net margin of 11.62%. Schlumberger's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently disclosed 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 dividend yield of 3.37%. Schlumberger's payout ratio is presently 38.64%.

Analyst Ratings Changes

SLB has been the topic of several research analyst reports. Piper Sandler lowered their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company dropped their price target on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Morgan Stanley cut their price target on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Stifel Nicolaus lowered their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Susquehanna cut their target price 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. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus target price of $52.03.

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.