Andina Capital Management LLC Purchases Shares of 12,911 Schlumberger Limited $SLB

Key Points

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Andina Capital Management LLC bought a new position in Schlumberger Limited (NYSE:SLB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,911 shares of the oil and gas company's stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SLB. Charles Schwab Investment Management Inc. increased its holdings in Schlumberger by 478.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company's stock valued at $1,994,674,000 after buying an additional 39,474,501 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Schlumberger by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock valued at $2,913,312,000 after buying an additional 5,225,828 shares during the period. Boston Partners increased its holdings in Schlumberger by 27.7% during the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company's stock valued at $824,160,000 after buying an additional 4,300,222 shares during the period. Nuveen LLC purchased a new position in Schlumberger during the first quarter valued at approximately $169,232,000. Finally, Lazard Asset Management LLC increased its holdings in Schlumberger by 3,112.1% during the fourth quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company's stock valued at $139,059,000 after buying an additional 3,514,134 shares during the period. 81.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SLB shares. Barclays cut their price objective on shares of Schlumberger from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. UBS Group cut their price objective on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Melius Research initiated coverage on Schlumberger in a report on Wednesday. They issued a "buy" rating and a $82.00 price target for the company. Finally, Melius began coverage on shares of Schlumberger in a report on Wednesday. They issued a "buy" rating and a $82.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.86.

Schlumberger Price Performance

SLB stock traded up $1.7650 during mid-day trading on Friday, reaching $35.5750. 16,023,117 shares of the company's stock were exchanged, compared to its average volume of 16,241,825. 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's 50 day moving average is $34.53 and its 200 day moving average is $36.40. The company has a market cap of $48.07 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 9.26 and a beta of 1.03. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $46.16.

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

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 3rd. Schlumberger's dividend payout ratio is currently 39.04%.

About Schlumberger

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.