Quantitative Systematic Strategies LLC Invests $221,000 in Schlumberger Limited. (SLB) Stock

Quantitative Systematic Strategies LLC acquired a new stake in Schlumberger Limited. (NYSE:SLB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,069 shares of the oil and gas company’s stock, valued at approximately $221,000.

A number of other large investors have also recently modified their holdings of SLB. MUFG Securities EMEA plc boosted its stake in shares of Schlumberger by 144.0% during the 4th quarter. MUFG Securities EMEA plc now owns 237,926 shares of the oil and gas company’s stock valued at $8,584,000 after buying an additional 140,403 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Schlumberger during the 3rd quarter valued at approximately $9,798,000. Lee Danner & Bass Inc. boosted its stake in shares of Schlumberger by 11.4% during the 4th quarter. Lee Danner & Bass Inc. now owns 128,987 shares of the oil and gas company’s stock valued at $4,654,000 after buying an additional 13,203 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in shares of Schlumberger during the 3rd quarter valued at approximately $219,000. Finally, Csenge Advisory Group purchased a new position in shares of Schlumberger during the 3rd quarter valued at approximately $164,000. 78.94% of the stock is owned by institutional investors.

In related news, EVP Peuch Olivier Le sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Several research firms have recently commented on SLB. Barclays reduced their target price on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Raymond James reiterated a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Credit Suisse Group set a $44.00 target price on Schlumberger and gave the company a “hold” rating in a research note on Friday, January 18th. Zacks Investment Research reiterated a “strong sell” rating on shares of Schlumberger in a research note on Monday, December 31st. Finally, Goldman Sachs Group began coverage on Schlumberger in a research note on Sunday, March 10th. They set a “buy” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $65.00.

Shares of SLB opened at $45.56 on Friday. Schlumberger Limited. has a 12-month low of $34.99 and a 12-month high of $75.43. The firm has a market cap of $63.14 billion, a P/E ratio of 28.12, a PEG ratio of 2.04 and a beta of 1.33. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 0.45.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The firm had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts predict that Schlumberger Limited. will post 1.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

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About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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