Schlumberger Limited (NYSE:SLB) Shares Bought by Hara Capital LLC

Hara Capital LLC raised its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 681.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,477 shares of the oil and gas company's stock after buying an additional 67,568 shares during the quarter. Schlumberger comprises approximately 1.9% of Hara Capital LLC's investment portfolio, making the stock its 10th biggest holding. Hara Capital LLC's holdings in Schlumberger were worth $2,970,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Schlumberger during the fourth quarter worth $735,398,000. Price T Rowe Associates Inc. MD increased its position in Schlumberger by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after buying an additional 5,225,828 shares during the last quarter. Lazard Asset Management LLC raised its stake in Schlumberger by 3,112.1% in the fourth quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company's stock valued at $139,059,000 after buying an additional 3,514,134 shares during the period. Deutsche Bank AG lifted its position in shares of Schlumberger by 12.2% in the fourth quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock valued at $1,101,804,000 after buying an additional 3,119,543 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Schlumberger by 43,028.0% in the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after buying an additional 2,646,653 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SLB shares. Barclays decreased their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Stifel Nicolaus cut their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Piper Sandler reduced their target price 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. Finally, Susquehanna lowered their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.44.

Schlumberger Price Performance

Shares of SLB traded down $0.66 during trading hours on Friday, hitting $33.02. 20,666,010 shares of the company were exchanged, compared to its average volume of 13,615,333. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $50.94. The company has a market cap of $44.91 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 10.10 and a beta of 1.06. The firm's fifty day moving average is $35.48 and its 200 day moving average is $39.09.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.45%. Schlumberger's dividend payout ratio (DPR) is 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger 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 transaction, the director now owns 23,525 shares in the company, valued at $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aparna Raman sold 25,133 shares of the firm's 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 completion of the sale, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. The trade was 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 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.