Schonfeld Strategic Advisors LLC Purchases 212,210 Shares of Schlumberger Limited (NYSE:SLB)

Schonfeld Strategic Advisors LLC lifted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 994.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,542 shares of the oil and gas company's stock after acquiring an additional 212,210 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Schlumberger were worth $8,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bard Financial Services Inc. acquired a new stake in Schlumberger during the third quarter worth approximately $229,000. SkyView Investment Advisors LLC grew its position in shares of Schlumberger by 5.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company's stock worth $712,000 after buying an additional 936 shares during the period. Sfmg LLC increased its stake in shares of Schlumberger by 4.1% in the 3rd quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company's stock valued at $3,708,000 after acquiring an additional 3,478 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after acquiring an additional 16,350 shares during the period. Finally, PVG Asset Management Corp acquired a new stake in Schlumberger in the third quarter worth $386,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Stock Performance

NYSE:SLB traded up $1.00 on Friday, reaching $34.74. 13,303,533 shares of the company's stock were exchanged, compared to its average volume of 13,318,843. The firm has a market cap of $47.25 billion, a price-to-earnings ratio of 11.17, 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 current ratio of 1.45 and a quick ratio of 1.11. The stock has a fifty day simple moving average of $37.83 and a 200-day simple moving average of $40.04. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS 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 business had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same period last year, the business posted $0.75 earnings per share. The firm's quarterly revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.28%. Schlumberger's payout ratio is 38.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SLB shares. Evercore ISI reaffirmed 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. Piper Sandler dropped their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. 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. Based on data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and an average target price of $53.32.

Insider Buying and Selling

In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction dated 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 directly owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owns 31,031 shares of the company's stock, 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. 0.26% of the stock is currently owned by insiders.

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.