Schlumberger Limited (NYSE:SLB) is Samjo Management LLC’s 10th Largest Position

Samjo Management LLC boosted its stake in Schlumberger Limited (NYSE:SLB) by 117.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 194,445 shares of the oil and gas company’s stock after purchasing an additional 105,180 shares during the period. Schlumberger comprises approximately 2.8% of Samjo Management LLC’s portfolio, making the stock its 10th largest position. Samjo Management LLC’s holdings in Schlumberger were worth $7,455,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SLB. Norges Bank purchased a new stake in shares of Schlumberger in the 4th quarter valued at $735,398,000. Pacer Advisors Inc. increased its stake 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 purchasing an additional 12,938,082 shares during the period. Clearbridge Investments LLC lifted its position in shares of Schlumberger by 43,028.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company’s stock worth $101,708,000 after purchasing an additional 2,646,653 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Schlumberger by 12.4% in the fourth quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company’s stock valued at $590,320,000 after purchasing an additional 1,700,203 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Schlumberger by 196.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company’s stock valued at $88,654,000 after purchasing an additional 1,533,366 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of research reports. Jefferies Financial Group reduced their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Atb Cap Markets cut Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. BMO Capital Markets reduced their price target on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Finally, Barclays lowered their price objective on Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.79.

Schlumberger Stock Down 11.3 %

Schlumberger stock opened at $34.77 on Friday. The company has a market capitalization of $47.28 billion, a P/E ratio of 11.18, a PEG ratio of 10.10 and a beta of 1.11. 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 Limited has a fifty-two week low of $34.04 and a fifty-two week high of $55.65. The stock has a 50-day simple moving average of $41.02 and a 200-day simple moving average of $41.45.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. 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 was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 3.28%. Schlumberger’s payout ratio is currently 36.66%.

Insider Activity

In other news, insider Aparna Raman sold 25,133 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dianne B. Ralston sold 43,161 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total value of $1,897,357.56. Following the sale, the insider now owns 235,024 shares of the company’s stock, valued at $10,331,655.04. This trade represents a 15.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,905 shares of company stock valued at $13,609,283. Insiders own 0.26% of the company’s stock.

Schlumberger Company 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.