Raiffeisen Bank International AG Invests $1.89 Million in Schlumberger Limited (NYSE:SLB)

Raiffeisen Bank International AG purchased a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,346 shares of the oil and gas company's stock, valued at approximately $1,893,000.

Several other institutional investors also recently added to or reduced their stakes in SLB. Riverview Capital Advisers LLC purchased a new position in Schlumberger in the 4th quarter valued at $2,301,000. Point72 Europe London LLP purchased a new stake in shares of Schlumberger in the fourth quarter valued at about $3,066,000. Point72 Hong Kong Ltd increased its stake in shares of Schlumberger by 53.5% during the fourth quarter. Point72 Hong Kong Ltd now owns 209,836 shares of the oil and gas company's stock worth $8,045,000 after acquiring an additional 73,097 shares during the period. ProShare Advisors LLC increased its stake in shares of Schlumberger by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 305,175 shares of the oil and gas company's stock worth $11,700,000 after acquiring an additional 9,027 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Schlumberger by 12.2% in the fourth quarter. Quantinno Capital Management LP now owns 149,928 shares of the oil and gas company's stock valued at $5,748,000 after purchasing an additional 16,312 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Transactions at Schlumberger

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

Analyst Ratings Changes

SLB has been the topic of a number of analyst reports. Barclays lowered their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $46.00 to $44.00 in a report on Tuesday, April 8th. Susquehanna cut their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Citigroup raised 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.44.

Schlumberger Stock Down 1.6%

SLB stock traded down $0.57 during mid-day trading on Tuesday, hitting $34.54. 13,186,326 shares of the company were exchanged, compared to its average volume of 13,529,271. The firm has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $39.53. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The company has a market capitalization of $46.98 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The company's quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 3.30%. Schlumberger's payout ratio is currently 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.