Schlumberger Limited (NYSE:SLB) Shares Bought by English Capital Management LLC

English Capital Management LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,106 shares of the oil and gas company’s stock after buying an additional 10,000 shares during the quarter. Schlumberger accounts for approximately 2.9% of English Capital Management LLC’s portfolio, making the stock its 19th largest holding. English Capital Management LLC’s holdings in Schlumberger were worth $3,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in 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 acquiring an additional 12,938,082 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Schlumberger by 20.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,213,944 shares of the oil and gas company’s stock worth $470,425,000 after purchasing an additional 1,916,851 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Schlumberger by 196.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company’s stock worth $88,654,000 after purchasing an additional 1,533,366 shares during the last quarter. Boston Partners boosted its stake in shares of Schlumberger by 9.9% during the 4th quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company’s stock worth $597,356,000 after purchasing an additional 1,405,186 shares during the last quarter. Finally, Scharf Investments LLC acquired a new stake in shares of Schlumberger during the 4th quarter worth about $52,607,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares of the company’s stock, valued at $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock worth $12,546,660 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

Schlumberger Price Performance

Shares of NYSE SLB opened at $41.09 on Friday. The stock has a market cap of $55.87 billion, a P/E ratio of 13.21, a P/E/G ratio of 10.10 and a beta of 1.47. The firm’s 50-day simple moving average is $41.18 and its 200 day simple moving average is $41.41. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the firm earned $0.86 EPS. Schlumberger’s revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Griffin Securities lowered Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Piper Sandler initiated coverage on shares of Schlumberger in a research note on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, TD Cowen raised their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Schlumberger presently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

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.