5,075 Shares in Schlumberger Limited (NYSE:SLB) Bought by Generali Investments Management Co LLC

Generali Investments Management Co LLC acquired a new position in shares of Schlumberger Limited (NYSE:SLB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,075 shares of the oil and gas company’s stock, valued at approximately $195,000.

A number of other institutional investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its holdings in shares of Schlumberger by 11.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,816 shares of the oil and gas company’s stock worth $286,000 after acquiring an additional 683 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Schlumberger by 2.1% in the third quarter. Thrivent Financial for Lutherans now owns 225,906 shares of the oil and gas company’s stock worth $9,476,000 after acquiring an additional 4,665 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Schlumberger by 3.6% in the third quarter. Pathstone Holdings LLC now owns 148,635 shares of the oil and gas company’s stock worth $6,240,000 after acquiring an additional 5,105 shares in the last quarter. Knuff & Co LLC increased its holdings in shares of Schlumberger by 10.6% in the third quarter. Knuff & Co LLC now owns 9,810 shares of the oil and gas company’s stock worth $412,000 after acquiring an additional 940 shares in the last quarter. Finally, Prospera Financial Services Inc increased its holdings in shares of Schlumberger by 1.9% in the third quarter. Prospera Financial Services Inc now owns 31,811 shares of the oil and gas company’s stock worth $1,335,000 after acquiring an additional 594 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SLB shares. BMO Capital Markets lowered their price target on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Piper Sandler initiated coverage on Schlumberger in a report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price target for the company. Evercore ISI reiterated an “in-line” rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Schlumberger Stock Performance

SLB opened at $41.11 on Wednesday. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock has a market cap of $55.90 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 10.10 and a beta of 1.47. The business has a 50 day moving average of $41.04 and a 200-day moving average of $41.44. 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 data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

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

Insider Activity

In related news, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger 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 completion of the sale, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 290,772 shares of company stock valued at $12,546,660 over the last three months. Insiders own 0.26% of the company’s stock.

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.