Twinbeech Capital LP Invests $357,000 in Schlumberger Limited (NYSE:SLB)

Twinbeech Capital LP bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,316 shares of the oil and gas company's stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SLB. Merit Financial Group LLC raised its position in shares of Schlumberger by 48.9% during the 4th quarter. Merit Financial Group LLC now owns 14,694 shares of the oil and gas company's stock worth $563,000 after acquiring an additional 4,824 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Schlumberger by 9.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,892 shares of the oil and gas company's stock worth $226,000 after buying an additional 532 shares during the period. Diversify Advisory Services LLC increased its position in Schlumberger by 13.3% during the fourth quarter. Diversify Advisory Services LLC now owns 11,274 shares of the oil and gas company's stock worth $435,000 after buying an additional 1,327 shares during the period. Simon Quick Advisors LLC increased its position in Schlumberger by 5.7% during the fourth quarter. Simon Quick Advisors LLC now owns 7,344 shares of the oil and gas company's stock worth $282,000 after buying an additional 396 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Schlumberger by 3.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 290,924 shares of the oil and gas company's stock worth $11,234,000 after buying an additional 9,680 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Trading Down 0.3%

Shares of SLB stock opened at $33.77 on Friday. The business's fifty day moving average price is $36.23 and its 200 day moving average price is $39.41. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The firm has a market capitalization of $45.93 billion, a PE ratio of 10.86, a P/E/G ratio of 10.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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 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 business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period in the prior year, the company earned $0.75 EPS. The company's revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio is presently 38.64%.

Wall Street Analyst Weigh In

SLB has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group cut their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Barclays cut their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Susquehanna cut their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler cut their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Five research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.44.

Insider Buying and Selling

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was 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 approximately $2,192,657.28. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following 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. 0.26% of the stock is currently owned by corporate insiders.

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.

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