Centiva Capital LP Has $2.01 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Centiva Capital LP trimmed its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,352 shares of the oil and gas company's stock after selling 50,245 shares during the quarter. Centiva Capital LP's holdings in Schlumberger were worth $2,007,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brooks Moore & Associates Inc. boosted its stake in shares of Schlumberger by 128.6% in the 4th quarter. Brooks Moore & Associates Inc. now owns 13,312 shares of the oil and gas company's stock valued at $510,000 after buying an additional 7,488 shares during the period. Brevan Howard Capital Management LP acquired a new position in Schlumberger in the fourth quarter valued at approximately $3,487,000. Bridgefront Capital LLC acquired a new position in Schlumberger in the fourth quarter valued at approximately $2,205,000. Captrust Financial Advisors lifted its stake in Schlumberger by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 142,441 shares of the oil and gas company's stock valued at $5,461,000 after buying an additional 6,150 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Schlumberger in the fourth quarter valued at approximately $323,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This represents a 44.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now directly owns 53,584 shares of the company's stock, valued at approximately $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. Insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

Shares of SLB traded up $1.18 during mid-day trading on Monday, hitting $35.73. 4,778,017 shares of the company traded hands, compared to its average volume of 13,396,879. The stock has a market cap of $48.60 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 10.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The stock has a 50-day moving average price of $37.18 and a two-hundred day moving average price of $39.73.

Schlumberger (NYSE:SLB - Get Free Report) last released 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 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 analysts' expectations of $8.64 billion. During the same period in the previous year, the company earned $0.75 EPS. Schlumberger's revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on SLB. BMO Capital Markets reduced their price target on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Stifel Nicolaus reduced their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada restated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Barclays dropped their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Citigroup increased their price target on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Five investment 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 stock. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.32.

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.