Teza Capital Management LLC Sells 60,254 Shares of Schlumberger Limited (NYSE:SLB)

Teza Capital Management LLC trimmed its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 53.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,291 shares of the oil and gas company's stock after selling 60,254 shares during the period. Teza Capital Management LLC's holdings in Schlumberger were worth $2,043,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership bought a new position in Schlumberger during the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $34,000. Hager Investment Management Services LLC bought a new position in Schlumberger during the fourth quarter valued at approximately $38,000. Finally, True Wealth Design LLC grew its position in Schlumberger by 584.7% during the fourth 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 last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Trading Down 2.0%

SLB stock traded down $0.69 on Wednesday, reaching $33.88. The company's stock had a trading volume of 12,562,508 shares, compared to its average volume of 13,551,383. The business has a fifty day simple moving average of $36.53 and a two-hundred day simple moving average of $39.49. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The firm has a market cap of $46.09 billion, a PE ratio of 10.90, a PEG ratio of 10.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. As a group, research analysts forecast 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. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.36%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is currently 38.64%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. TD Cowen increased their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Piper Sandler reduced their price target on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Jefferies Financial Group reduced their price target 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. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Finally, Susquehanna dropped their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and an average price target of $52.44.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the firm's 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 transaction, the insider now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the transaction, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. This represents 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.