Samjo Management LLC Acquires 105,180 Shares of Schlumberger Limited (NYSE:SLB)

by · The Cerbat Gem

Samjo Management LLC lifted its holdings in shares of Schlumberger Limited (NYSE:SLB – Free Report) by 117.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,445 shares of the oil and gas company’s stock after buying an additional 105,180 shares during the period. Schlumberger comprises 2.8% of Samjo Management LLC’s investment portfolio, making the stock its 10th biggest holding. Samjo Management LLC’s holdings in Schlumberger were worth $7,455,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SLB. Benjamin Edwards Inc. boosted its position in shares of Schlumberger by 315.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 32,673 shares of the oil and gas company’s stock worth $1,371,000 after purchasing an additional 24,803 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Schlumberger by 10.4% during the third quarter. Integrated Wealth Concepts LLC now owns 57,183 shares of the oil and gas company’s stock worth $2,399,000 after buying an additional 5,391 shares in the last quarter. IHT Wealth Management LLC grew its position in Schlumberger by 6.5% during the third quarter. IHT Wealth Management LLC now owns 6,416 shares of the oil and gas company’s stock worth $270,000 after buying an additional 394 shares during the period. Royal London Asset Management Ltd. increased its holdings in Schlumberger by 2.9% in the third quarter. Royal London Asset Management Ltd. now owns 599,593 shares of the oil and gas company’s stock valued at $25,153,000 after buying an additional 16,826 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Schlumberger by 15.3% in the third quarter. Quantinno Capital Management LP now owns 133,616 shares of the oil and gas company’s stock valued at $5,605,000 after buying an additional 17,709 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares in the company, valued at $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,905 shares of company stock valued at $13,609,283. Insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 11.3 %

Shares of Schlumberger stock opened at $34.77 on Friday. The firm has a market cap of $47.28 billion, a PE ratio of 11.18, a P/E/G ratio of 10.10 and a beta of 1.11. 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 Limited has a fifty-two week low of $34.04 and a fifty-two week high of $55.65. The business’s fifty day moving average is $41.02 and its two-hundred day moving average is $41.45.

Schlumberger (NYSE:SLB – Get Free Report) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. Analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.28%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, February 5th. Schlumberger’s payout ratio is presently 36.66%.

Analyst Ratings Changes

SLB has been the topic of a number of research reports. TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Griffin Securities cut Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. BMO Capital Markets cut their price target on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and issued a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.79.

Get Our Latest Analysis on SLB

Schlumberger Profile

(Free Report)

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.

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