Key Square Capital Management LLC Acquires Shares of 968,262 Schlumberger (SLB)

Key Square Capital Management LLC acquired a new stake in Schlumberger (NYSE:SLB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 968,262 shares of the oil and gas company’s stock, valued at approximately $65,251,000. Schlumberger comprises about 6.3% of Key Square Capital Management LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other large investors also recently modified their holdings of SLB. Aviance Capital Management LLC acquired a new position in Schlumberger in the 2nd quarter valued at approximately $100,000. FNY Partners Fund LP acquired a new position in Schlumberger in the 4th quarter valued at approximately $101,000. Mountain Capital Investment Advisors Inc acquired a new position in Schlumberger in the 2nd quarter valued at approximately $107,000. Atlantic Trust LLC acquired a new position in Schlumberger in the 2nd quarter valued at approximately $137,000. Finally, Legacy Advisors LLC acquired a new position in Schlumberger in the 3rd quarter valued at approximately $146,000. 79.90% of the stock is owned by institutional investors and hedge funds.

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In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Insiders acquired 18,000 shares of company stock worth $1,163,650 over the last ninety days. Insiders own 0.48% of the company’s stock.

Several equities analysts have issued reports on SLB shares. Royal Bank of Canada set a $73.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Thursday, December 21st. Barclays set a $70.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research report on Saturday, March 24th. UBS set a $95.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $81.23.

Shares of NYSE SLB opened at $65.77 on Friday. The firm has a market cap of $89,665.02, a P/E ratio of 43.85, a P/E/G ratio of 5.07 and a beta of 1.05. Schlumberger has a 12-month low of $61.02 and a 12-month high of $80.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. Schlumberger’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. equities research analysts predict that Schlumberger will post 2.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is 133.33%.

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Schlumberger Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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