Schlumberger Limited (NYSE:SLB) Stock Holdings Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 45.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,186 shares of the oil and gas company's stock after acquiring an additional 11,284 shares during the period. Apollon Wealth Management LLC's holdings in Schlumberger were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of Schlumberger during the first quarter valued at $34,000. Park Square Financial Group LLC bought a new position in shares of Schlumberger during the first quarter valued at $38,000. Sound Income Strategies LLC raised its stake in shares of Schlumberger by 265.4% during the first quarter. Sound Income Strategies LLC now owns 961 shares of the oil and gas company's stock valued at $40,000 after acquiring an additional 698 shares during the last quarter. True Wealth Design LLC raised its stake in Schlumberger by 584.7% during the fourth quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after buying an additional 842 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Schlumberger during the fourth quarter worth $40,000. Institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Jefferies Financial Group reduced their price target on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Stifel Nicolaus reduced their price objective on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a report on Wednesday. Susquehanna reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "positive" rating for the company in a report on Tuesday, July 1st. Atb Cap Markets upgraded shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.68.

Insider Activity

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director directly owned 23,525 shares in the company, valued at approximately $789,969.50. This represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Schlumberger Price Performance

Shares of SLB stock traded up $0.10 on Thursday, reaching $34.69. 70,865,313 shares of the company were exchanged, compared to its average volume of 14,211,608. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 9.25 and a beta of 1.01. The business has a 50-day moving average price of $34.87 and a 200 day moving average price of $37.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share 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 firm had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same period last year, the company earned $0.75 EPS. The business's quarterly revenue was down 2.5% on a year-over-year basis. Equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th were issued a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.29%. Schlumberger's payout ratio is 38.64%.

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.