Nan Shan Life Insurance Co. Ltd. Has $9.26 Million Holdings in Schlumberger Limited (NYSE:SLB)


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Nan Shan Life Insurance Co. Ltd. decreased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,988 shares of the oil and gas company’s stock after selling 101,300 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in Schlumberger were worth $9,256,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Boston Partners boosted its holdings in shares of Schlumberger by 63,066.8% during the 3rd quarter. Boston Partners now owns 15,851,711 shares of the oil and gas company’s stock valued at $246,653,000 after acquiring an additional 15,826,616 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Schlumberger by 4.0% during the fourth quarter. BlackRock Inc. now owns 97,009,046 shares of the oil and gas company’s stock valued at $2,117,709,000 after purchasing an additional 3,721,435 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Schlumberger by 147.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,023,566 shares of the oil and gas company’s stock worth $93,727,000 after purchasing an additional 3,588,962 shares during the last quarter. Sprucegrove Investment Management Ltd. increased its stake in shares of Schlumberger by 115.1% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 3,760,900 shares of the oil and gas company’s stock valued at $82,100,000 after buying an additional 2,012,600 shares during the period. Finally, Atalanta Sosnoff Capital LLC bought a new position in Schlumberger in the 4th quarter valued at approximately $43,024,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

In related news, CAO Howard Guild sold 10,000 shares of the company’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $24.96, for a total transaction of $249,600.00. Following the completion of the sale, the chief accounting officer now owns 44,463 shares in the company, valued at $1,109,796.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ashok Belani sold 15,000 shares of the stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $21.69, for a total value of $325,350.00. Following the completion of the sale, the executive vice president now directly owns 267,514 shares of the company’s stock, valued at $5,802,378.66. The disclosure for this sale can be found here. Insiders sold a total of 32,981 shares of company stock worth $749,991 in the last 90 days. 0.58% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on SLB shares. Smith Barney Citigroup upped their price target on shares of Schlumberger from $25.00 to $30.00 in a research report on Tuesday, December 15th. HSBC downgraded Schlumberger from a “hold” rating to a “reduce” rating and set a $18.10 price objective for the company. in a report on Thursday, December 10th. Piper Sandler raised their target price on Schlumberger from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, February 1st. Bank of America upgraded Schlumberger from a “neutral” rating to a “buy” rating and upped their price target for the company from $27.00 to $31.00 in a research report on Monday, January 25th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Schlumberger from $25.00 to $30.00 in a research report on Tuesday, December 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.94.

Shares of NYSE SLB traded down $0.16 during midday trading on Tuesday, hitting $27.38. 674,216 shares of the stock traded hands, compared to its average volume of 13,704,587. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.92 and a current ratio of 1.22. Schlumberger Limited has a one year low of $11.87 and a one year high of $31.99. The business has a 50 day moving average price of $24.80 and a two-hundred day moving average price of $20.33. The company has a market cap of $38.12 billion, a PE ratio of -3.63, a P/E/G ratio of 5.77 and a beta of 2.28.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Thursday, January 21st. The oil and gas company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Schlumberger had a negative net margin of 40.15% and a positive return on equity of 7.34%. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, equities research analysts forecast that Schlumberger Limited will post 0.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Wednesday, February 17th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, February 16th. Schlumberger’s payout ratio is presently 34.01%.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company 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; and petro technical data services and training solutions.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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