Quantinno Capital Management LP Grows Position in Schlumberger Limited (NYSE:SLB)

Quantinno Capital Management LP increased its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 149,928 shares of the oil and gas company's stock after purchasing an additional 16,312 shares during the quarter. Quantinno Capital Management LP's holdings in Schlumberger were worth $5,748,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. CX Institutional raised its holdings in shares of Schlumberger by 2.4% during the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after acquiring an additional 244 shares during the period. TCW Group Inc. boosted its stake in 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 buying an additional 259 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Schlumberger by 0.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after acquiring an additional 262 shares during the period. Cromwell Holdings LLC boosted its holdings in shares of Schlumberger by 7.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after buying an additional 283 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Schlumberger by 2.0% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after acquiring an additional 293 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Price Performance

NYSE:SLB traded down $0.57 on Tuesday, reaching $34.54. The stock had a trading volume of 13,186,326 shares, compared to its average volume of 13,529,271. The company has a market capitalization of $46.98 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $36.53 and a 200-day moving average price of $39.49.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate 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. During the same quarter in the prior year, the firm 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 forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's payout ratio is currently 38.64%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SLB shares. Stifel Nicolaus lowered 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. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Susquehanna decreased 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. JPMorgan Chase & Co. lifted their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded 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. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.44.

Insiders Place Their Bets

In related news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the sale, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

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.