83,452 Shares in Schlumberger Limited (NYSE:SLB) Bought by CIBRA Capital Ltd

CIBRA Capital Ltd acquired a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 83,452 shares of the oil and gas company's stock, valued at approximately $3,200,000. Schlumberger makes up approximately 2.2% of CIBRA Capital Ltd's investment portfolio, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. YANKCOM Partnership purchased a new stake in shares of Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the 4th quarter worth $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger during the 4th quarter worth $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the 4th quarter worth $38,000. Finally, True Wealth Design LLC increased its holdings in shares of Schlumberger by 584.7% in the 4th 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.

Analyst Ratings Changes

SLB has been the topic of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Susquehanna decreased their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Monday, April 28th. Stifel Nicolaus reduced their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, April 28th. Morgan Stanley dropped their price target on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Barclays decreased their price objective on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.44.

Insider Transactions at Schlumberger

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

Schlumberger Trading Down 2.0%

SLB stock traded down $0.66 during midday trading on Friday, hitting $33.02. The stock had a trading volume of 20,666,010 shares, compared to its average volume of 13,615,333. The company's 50-day moving average price is $35.48 and its 200 day moving average price is $39.09. 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 market cap of $44.91 billion, a PE ratio of 10.62, a price-to-earnings-growth 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.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. On average, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio is currently 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.