V Square Quantitative Management LLC Boosts Holdings in Schlumberger Limited (NYSE:SLB)

V Square Quantitative Management LLC increased its position in Schlumberger Limited (NYSE:SLB) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,554 shares of the oil and gas company’s stock after purchasing an additional 2,812 shares during the quarter. V Square Quantitative Management LLC’s holdings in Schlumberger were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its stake in shares of Schlumberger by 5.6% during the first quarter. NBC Securities Inc. now owns 7,873 shares of the oil and gas company’s stock valued at $431,000 after acquiring an additional 420 shares in the last quarter. American National Bank grew its stake in Schlumberger by 51.6% during the 1st quarter. American National Bank now owns 1,128 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 384 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Schlumberger by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 42,312 shares of the oil and gas company’s stock worth $2,319,000 after purchasing an additional 310 shares during the last quarter. BTC Capital Management Inc. acquired a new position in shares of Schlumberger in the 1st quarter valued at approximately $411,000. Finally, Gulf International Bank UK Ltd grew its position in shares of Schlumberger by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 122,489 shares of the oil and gas company’s stock worth $6,713,000 after buying an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

SLB opened at $41.92 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $43.10 and its 200-day moving average is $46.08. The stock has a market cap of $59.52 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. Schlumberger Limited has a twelve month low of $38.66 and a twelve month high of $60.85.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The firm had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Schlumberger Limited will post 3.46 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.62%. Schlumberger’s dividend payout ratio is presently 35.95%.

Insider Buying and Selling at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 120,668 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $50.19, for a total value of $6,056,326.92. Following the completion of the sale, the executive vice president now directly owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Schlumberger news, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the sale, the director now directly owns 62,354 shares in the company, valued at approximately $3,073,428.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the transaction, the executive vice president now owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,716 shares of company stock valued at $9,048,624. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on SLB shares. BMO Capital Markets reduced their price objective on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, October 10th. Barclays lowered their price objective on Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America reduced their target price on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Schlumberger in a report on Thursday, October 3rd. Finally, Piper Sandler reduced their price objective on Schlumberger from $71.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.97.

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.