Occudo Quantitative Strategies LP Acquires Shares of 52,727 Schlumberger Limited (NYSE:SLB)

Occudo Quantitative Strategies LP purchased a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 52,727 shares of the oil and gas company's stock, valued at approximately $2,022,000.

A number of other large investors also recently bought and sold shares of the business. YANKCOM Partnership purchased a new position in Schlumberger in the fourth quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new position in Schlumberger in the fourth quarter worth about $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger in the fourth quarter worth about $34,000. Hager Investment Management Services LLC purchased a new position in Schlumberger in the fourth quarter worth about $38,000. Finally, Bogart Wealth LLC raised its holdings in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction that occurred 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 directly 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 document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

NYSE SLB traded up $0.02 during trading hours on Friday, hitting $35.74. 12,621,645 shares of the company's stock traded hands, compared to its average volume of 13,517,352. The business's fifty day moving average price is $36.74 and its two-hundred day moving average price is $39.57. 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 $48.61 billion, a P/E ratio of 11.49, a P/E/G ratio of 10.10 and a beta of 1.06. 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 posted its quarterly earnings results 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). The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. Equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.19%. Schlumberger's payout ratio is currently 38.64%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SLB. Barclays decreased their target price on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Susquehanna decreased their target price on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Jefferies Financial Group decreased their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Citigroup lifted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and a consensus price target of $52.44.

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.