Schlumberger Limited (NYSE:SLB) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its position in Schlumberger Limited (NYSE:SLB - Free Report) by 42.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,441 shares of the oil and gas company's stock after buying an additional 55,919 shares during the period. Achmea Investment Management B.V.'s holdings in Schlumberger were worth $7,835,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Philip James Wealth Mangement LLC bought a new stake in Schlumberger during the first quarter worth approximately $244,000. Waverton Investment Management Ltd increased its stake in Schlumberger by 5.2% during the first quarter. Waverton Investment Management Ltd now owns 2,344,999 shares of the oil and gas company's stock worth $98,009,000 after acquiring an additional 116,588 shares during the last quarter. Old North State Wealth Management LLC increased its stake in Schlumberger by 29.0% during the first quarter. Old North State Wealth Management LLC now owns 7,419 shares of the oil and gas company's stock worth $310,000 after acquiring an additional 1,667 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Schlumberger by 6.3% during the first quarter. Transcend Capital Advisors LLC now owns 10,505 shares of the oil and gas company's stock valued at $439,000 after buying an additional 624 shares during the last quarter. Finally, Perpetual Ltd grew its stake in shares of Schlumberger by 22.0% during the first quarter. Perpetual Ltd now owns 121,761 shares of the oil and gas company's stock valued at $5,090,000 after buying an additional 21,921 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Stock Up 0.5%

Shares of SLB traded up $0.18 during midday trading on Friday, hitting $34.01. 17,164,745 shares of the company's stock traded hands, compared to its average volume of 13,702,802. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The firm's fifty day moving average is $34.46 and its 200-day moving average is $37.84. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $46.26 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 8.82 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The business had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.35%. Schlumberger's dividend payout ratio is presently 38.64%.

Insider Activity

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the director now directly owns 23,525 shares of the company's stock, valued at $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SLB. Stifel Nicolaus cut their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Barclays dropped their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group dropped their price objective on Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price objective on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, June 5th. Finally, Piper Sandler dropped their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $52.03.

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.