Public Employees Retirement Association of Colorado Decreases Stock Position in Schlumberger Limited (NYSE:SLB)

Public Employees Retirement Association of Colorado lowered its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,687 shares of the oil and gas company's stock after selling 9,019 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Schlumberger were worth $7,234,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SLB. Quarry LP raised its stake in shares of Schlumberger by 3,232.0% during the fourth quarter. Quarry LP now owns 18,859 shares of the oil and gas company's stock worth $723,000 after purchasing an additional 18,293 shares during the last quarter. Mission Creek Capital Partners Inc. raised its position in Schlumberger by 17.1% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 88,456 shares of the oil and gas company's stock worth $3,391,000 after buying an additional 12,935 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in shares of Schlumberger in the 4th quarter worth $929,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Schlumberger in the fourth quarter valued at about $32,627,000. Finally, HBK Investments L P acquired a new position in shares of Schlumberger during the fourth quarter worth about $12,265,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on SLB shares. Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. BMO Capital Markets lowered their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Piper Sandler lowered their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus reduced their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and an average target price of $53.32.

Schlumberger Trading Up 1.5 %

Schlumberger stock traded up $0.51 during trading on Thursday, reaching $33.76. The company had a trading volume of 18,079,525 shares, compared to its average volume of 13,292,108. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The stock's 50 day moving average price is $38.11 and its two-hundred day moving average price is $40.20. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 10.10 and a beta 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 (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm's quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

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

Insider Transactions at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $2,192,657.28. This represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,647 shares of company stock worth $2,390,279. 0.26% of the stock is currently owned by company insiders.

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.