Schlumberger Limited (NYSE:SLB) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 60.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,054 shares of the oil and gas company's stock after acquiring an additional 54,637 shares during the quarter. Tidal Investments LLC's holdings in Schlumberger were worth $5,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Schlumberger in the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger during the 4th quarter valued at $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the 4th quarter worth $34,000. Hager Investment Management Services LLC purchased a new stake in Schlumberger in the 4th quarter worth about $38,000. Finally, True Wealth Design LLC raised its stake in 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 acquiring an additional 842 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays dropped their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Morgan Stanley decreased their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Jefferies Financial Group cut their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Susquehanna reduced their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday, April 28th. Finally, Piper Sandler dropped their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus price target of $52.44.

Schlumberger Trading Down 0.3%

Schlumberger stock traded down $0.09 during mid-day trading on Friday, hitting $33.66. The company's stock had a trading volume of 10,464,897 shares, compared to its average volume of 13,557,027. 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 firm has a market capitalization of $45.79 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. The stock's fifty day moving average is $36.23 and its two-hundred day moving average is $39.41.

Schlumberger (NYSE:SLB - Get Free Report) last announced 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). 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 revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 dividend yield of 3.39%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insider Buying and Selling

In other Schlumberger 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the sale, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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.