Schlumberger Limited (NYSE:SLB) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,967 shares of the oil and gas company's stock after purchasing an additional 48,705 shares during the quarter. Mackenzie Financial Corp's holdings in Schlumberger were worth $14,568,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Schlumberger in the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger in the fourth quarter worth approximately $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger during the 4th quarter worth $38,000. Finally, True Wealth Design LLC grew its position in shares of Schlumberger by 584.7% during the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 842 shares during the period. Institutional investors own 81.99% of the company's stock.

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 of the company's stock, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Aparna Raman sold 25,133 shares of Schlumberger 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 transaction, the insider now directly 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Down 2.0%

Shares of SLB stock traded down $0.66 during trading hours on Friday, reaching $33.02. 19,813,989 shares of the company's stock were exchanged, compared to its average volume of 13,618,169. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a market cap of $44.91 billion, a PE ratio of 10.62, a PEG ratio of 10.10 and a beta of 1.06. The stock's fifty day moving average price is $35.48 and its two-hundred day moving average price is $39.09.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results 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). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the business earned $0.75 earnings per share. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. 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. Susquehanna decreased their target price 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. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Stifel Nicolaus decreased their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Five investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.44.

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.