Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Invests $5.43 Million in Schlumberger Limited (NYSE:SLB)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 130,000 shares of the oil and gas company's stock, valued at approximately $5,434,000. Schlumberger comprises approximately 3.0% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings, making the stock its 11th biggest holding.

Several other hedge funds also recently modified their holdings of SLB. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Schlumberger by 32.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock valued at $2,737,000 after acquiring an additional 17,405 shares during the period. Geode Capital Management LLC increased its position in shares of Schlumberger by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after purchasing an additional 1,377,134 shares in the last quarter. Scharf Investments LLC lifted its holdings in Schlumberger by 20.5% during the 1st quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company's stock valued at $69,133,000 after purchasing an additional 281,773 shares during the last quarter. Integrated Advisors Network LLC boosted its position in Schlumberger by 810.4% in the first quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company's stock valued at $3,142,000 after buying an additional 66,907 shares in the last quarter. Finally, Alan B Lancz & Associates Inc. bought a new stake in Schlumberger during the first quarter worth about $308,000. 81.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SLB has been the topic of several recent analyst reports. Barclays reduced their target price on Schlumberger from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Atb Cap Markets raised Schlumberger from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Morgan Stanley lowered their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. UBS Group upped their price target on shares of Schlumberger from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and an average price target of $50.56.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the sale, the director owned 23,525 shares in the company, valued at approximately $789,969.50. This represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Schlumberger Trading Down 3.7%

Shares of NYSE SLB traded down $1.30 during midday trading on Friday, reaching $33.37. 35,360,423 shares of the stock were exchanged, compared to its average volume of 14,309,632. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $45.39 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 9.32 and a beta of 1.01. The business has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $37.56. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. Schlumberger's quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, equities research analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.42%. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

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.