Schlumberger Limited (NYSE:SLB) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP lifted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 214.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,040 shares of the oil and gas company’s stock after buying an additional 62,089 shares during the period. Schlumberger makes up approximately 0.6% of Aigen Investment Management LP’s holdings, making the stock its 20th largest position. Aigen Investment Management LP’s holdings in Schlumberger were worth $3,490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new stake in Schlumberger during the 3rd quarter worth approximately $29,000. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC purchased a new position in Schlumberger in the 4th quarter valued at $32,000. Ashton Thomas Securities LLC acquired a new position in Schlumberger in the 3rd quarter valued at $37,000. Finally, Golden State Wealth Management LLC purchased a new position in Schlumberger during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

SLB opened at $39.05 on Wednesday. The company has a 50-day moving average of $40.59 and a 200-day moving average of $41.72. Schlumberger Limited has a 1-year low of $36.52 and a 1-year high of $55.69. The company has a market capitalization of $53.10 billion, a P/E ratio of 12.56, a PEG ratio of 10.10 and a beta of 1.47. 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 (NYSE:SLB) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Equities analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is 36.66%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. TD Cowen upped their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Insider Activity at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now owns 49,595 shares of the company’s stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 290,772 shares of company stock worth $12,546,660 in the last ninety days. 0.26% of the stock is owned by insiders.

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.