Two Sigma Advisers LP Raises Position in Schlumberger Limited (NYSE:SLB)

Two Sigma Advisers LP lifted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 717.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,232,000 shares of the oil and gas company's stock after buying an additional 1,081,200 shares during the period. Two Sigma Advisers LP owned about 0.09% of Schlumberger worth $47,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SLB. YANKCOM Partnership bought a new position in Schlumberger in the 4th quarter valued at approximately $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Schlumberger in the fourth quarter worth $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the fourth quarter valued at $34,000. Hager Investment Management Services LLC bought a new position in shares of Schlumberger during the fourth quarter valued at $38,000. Finally, True Wealth Design LLC boosted its position in shares of 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 buying an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Citigroup raised their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. TD Cowen boosted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus dropped their price target 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 equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.44.

Insider Activity

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of Schlumberger 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 completion of the sale, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. The trade was a 33.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the firm'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 transaction, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Schlumberger Price Performance

SLB opened at $35.10 on Tuesday. The business has a fifty day moving average of $36.64 and a 200 day moving average of $39.53. The stock has a market cap of $47.74 billion, a P/E ratio of 11.29, a PEG ratio of 10.10 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The company 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 firm's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

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.

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