10,414 Shares in Schlumberger Limited $SLB Bought by Emerald Advisors LLC

Key Points

• Emerald Advisors LLC has acquired 10,414 shares of Schlumberger Limited ($SLB), valued at approximately $352,000, in the second quarter.
• Schlumberger experienced mixed ratings from analysts, with target price adjustments from firms such as Stifel Nicolaus and Wells Fargo, and an average consensus rating of "Moderate Buy" with a $52.18 target.
• The company recently declared a quarterly dividend of $0.285 per share, contributing to an annual yield of 3.2%.

Emerald Advisors LLC purchased a new position in Schlumberger Limited (NYSE:SLB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,414 shares of the oil and gas company's stock, valued at approximately $352,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. boosted its stake in Schlumberger by 300.0% during the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 477 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in Schlumberger during the 2nd quarter worth $29,000. Atlas Capital Advisors Inc. acquired a new stake in Schlumberger during the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Schlumberger by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company's stock worth $33,000 after purchasing an additional 350 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in Schlumberger during the 1st quarter worth $34,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SLB shares. Stifel Nicolaus lowered their target price on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Wells Fargo & Company cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 20th. Melius Research started coverage on shares of Schlumberger in a research report on Wednesday, August 20th. They set a "buy" rating and a $82.00 price target on the stock. UBS Group lowered their price target on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Schlumberger has an average rating of "Moderate Buy" and a consensus price target of $52.18.

Insider Activity

In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the sale, the insider owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company's stock.

Schlumberger Trading Down 1.2%

NYSE SLB opened at $35.11 on Tuesday. The firm's 50-day moving average is $34.68 and its two-hundred day moving average is $35.29. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $46.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The stock has a market capitalization of $52.44 billion, a P/E ratio of 12.02, a PEG ratio of 9.86 and a beta of 1.05.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company had revenue of $8.55 billion for the quarter, compared to analysts' expectations of $8.51 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Schlumberger's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. Schlumberger's dividend payout ratio is 39.04%.

Schlumberger 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.

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