Schlumberger Limited (NYSE:SLB) Stock Holdings Boosted by Deutsche Bank AG

Deutsche Bank AG lifted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,737,703 shares of the oil and gas company's stock after buying an additional 3,119,543 shares during the period. Deutsche Bank AG owned approximately 2.05% of Schlumberger worth $1,101,804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Schlumberger in the 4th quarter valued at about $735,398,000. Pacer Advisors Inc. raised its stake in shares of Schlumberger by 12,289.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after purchasing an additional 12,938,082 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Schlumberger by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after purchasing an additional 5,225,828 shares during the period. Clearbridge Investments LLC increased its stake in Schlumberger by 43,028.0% in the 4th quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after buying an additional 2,646,653 shares during the period. Finally, Franklin Resources Inc. raised its position in Schlumberger by 12.4% during the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after buying an additional 1,700,203 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a report on Tuesday, January 21st. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Evercore ISI reiterated an "in-line" rating and set a $44.00 target price (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, Piper Sandler dropped their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.32.

Insider Activity at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction 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 owns 31,031 shares of the company's stock, valued at $1,311,990.68. The trade was 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 link. 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 transaction, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Schlumberger Trading Up 0.8%

Shares of NYSE SLB traded up $0.30 during trading on Tuesday, hitting $36.15. 4,614,352 shares of the company traded hands, compared to its average volume of 16,945,828. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The firm has a market capitalization of $49.17 billion, a P/E ratio of 11.62, a P/E/G ratio of 10.10 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $37.11 and a 200-day moving average price of $39.69.

Schlumberger (NYSE:SLB - Get Free Report) last announced 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). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the firm earned $0.75 earnings per share. The company's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently announced 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. This represents a $1.14 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is 38.64%.

Schlumberger 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.