Susquehanna Fundamental Investments LLC Buys Shares of 850,983 Schlumberger Limited (NYSE:SLB)

Susquehanna Fundamental Investments LLC bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 850,983 shares of the oil and gas company's stock, valued at approximately $32,627,000. Susquehanna Fundamental Investments LLC owned 0.06% of Schlumberger as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SLB. CX Institutional lifted its stake in Schlumberger by 2.4% in the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after purchasing an additional 244 shares in the last quarter. TCW Group Inc. grew its position in Schlumberger by 1.3% during the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after buying an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Schlumberger by 0.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after acquiring an additional 262 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of Schlumberger by 7.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after acquiring an additional 283 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Schlumberger by 2.0% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Schlumberger Trading Down 2.4 %

Shares of Schlumberger stock traded down $0.83 during trading on Wednesday, reaching $33.28. 21,841,756 shares of the stock were exchanged, compared to its average volume of 18,397,843. 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 firm has a market cap of $45.26 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1 year low of $32.64 and a 1 year high of $34.28. The stock's fifty day moving average is $38.28 and its 200 day moving average is $40.24.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share 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 analysts' expectations of $8.64 billion. During the same quarter last year, the business posted $0.75 EPS. The company's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's payout ratio is currently 38.64%.

Insiders Place Their Bets

In related news, insider Gavin Rennick sold 26,990 shares of the 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 transaction, the insider now directly owns 53,584 shares of the company's stock, valued at $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,647 shares of company stock worth $2,390,279. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SLB shares. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. TD Cowen lifted their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Susquehanna cut their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $46.00 to $44.00 in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price target 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 investment 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 stock. According to MarketBeat, Schlumberger has an average rating of "Moderate Buy" and an average price target of $53.32.

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.