Schlumberger Limited (NYSE:SLB) Shares Bought by Hara Capital LLC

Hara Capital LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 681.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 77,477 shares of the oil and gas company’s stock after purchasing an additional 67,568 shares during the quarter. Schlumberger accounts for 1.9% of Hara Capital LLC’s portfolio, making the stock its 10th biggest position. Hara Capital LLC’s holdings in Schlumberger were worth $2,970,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SLB. Price T Rowe Associates Inc. MD grew its holdings in Schlumberger by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company’s stock worth $2,913,312,000 after acquiring an additional 5,225,828 shares during the period. Geode Capital Management LLC boosted its position in shares of Schlumberger by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company’s stock worth $1,146,195,000 after purchasing an additional 1,377,134 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Schlumberger by 12.2% during the fourth quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company’s stock worth $1,101,804,000 after purchasing an additional 3,119,543 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Schlumberger by 1.2% during the fourth quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company’s stock worth $1,067,254,000 after purchasing an additional 343,261 shares during the period. Finally, Norges Bank bought a new stake in Schlumberger in the fourth quarter valued at about $735,398,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Price Performance

Shares of NYSE SLB opened at $33.88 on Wednesday. The company has a fifty day moving average price of $35.79 and a 200 day moving average price of $39.20. The firm has a market cap of $46.08 billion, a PE ratio of 10.89, a PEG ratio of 10.10 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. Research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Wednesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is currently 38.64%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SLB. Jefferies Financial Group reduced their target price on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Morgan Stanley cut their price target on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Barclays reduced their price objective on shares of Schlumberger from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Susquehanna lowered their target price on shares of Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a research note on Monday, April 28th. Finally, Wells Fargo & Company upgraded shares of Schlumberger from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $46.00 to $44.00 in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $52.44.

Insiders Place Their Bets

In other news, insider Aparna Raman sold 25,133 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director La Chevardiere Patrick De sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director now owns 23,525 shares in the company, valued at $789,969.50. The trade was a 17.53% decrease in their position. The disclosure for this sale can be found here. 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.