Point72 Europe London LLP Makes New $3.07 Million Investment in Schlumberger Limited (NYSE:SLB)

Point72 Europe London LLP purchased a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 79,980 shares of the oil and gas company's stock, valued at approximately $3,066,000.

A number of other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd lifted its position in shares of Schlumberger by 53.5% during the 4th quarter. Point72 Hong Kong Ltd now owns 209,836 shares of the oil and gas company's stock valued at $8,045,000 after buying an additional 73,097 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Schlumberger by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 305,175 shares of the oil and gas company's stock worth $11,700,000 after purchasing an additional 9,027 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Schlumberger by 12.2% during the 4th quarter. Quantinno Capital Management LP now owns 149,928 shares of the oil and gas company's stock worth $5,748,000 after purchasing an additional 16,312 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in Schlumberger during the 4th quarter worth about $799,000. Finally, Man Group plc lifted its holdings in Schlumberger by 132.9% during the 4th quarter. Man Group plc now owns 417,104 shares of the oil and gas company's stock worth $15,992,000 after purchasing an additional 237,992 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Activity

In related news, insider Gavin Rennick sold 26,990 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value of $1,104,430.80. Following the transaction, the insider now owns 53,584 shares of the company's stock, valued at $2,192,657.28. This represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. This trade 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $46.00 to $44.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Citigroup increased their price objective on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.44.

Schlumberger Trading Up 0.0%

NYSE SLB traded up $0.02 during trading hours on Friday, hitting $35.74. 12,621,645 shares of the company were exchanged, compared to its average volume of 13,517,352. The stock has a 50-day moving average price of $36.74 and a 200 day moving average price of $39.57. 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. The stock has a market cap of $48.61 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company's revenue was down 2.5% compared to the same quarter last year. Analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

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 paid a dividend of $0.285 per share. 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 dividend payout ratio is 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.