Aspire Private Capital LLC Purchases 8,848 Shares of Schlumberger Limited (NYSE:SLB)

Aspire Private Capital LLC boosted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 122.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,065 shares of the oil and gas company's stock after buying an additional 8,848 shares during the quarter. Aspire Private Capital LLC's holdings in Schlumberger were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in shares of Schlumberger by 584.7% in the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 842 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Schlumberger in the 4th quarter worth about $40,000. Sound Income Strategies LLC boosted its position in Schlumberger by 265.4% during the 1st 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 in the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Schlumberger during the 4th quarter worth approximately $46,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Schlumberger during the 4th quarter worth approximately $47,000. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Performance

Shares of SLB stock opened at $35.82 on Friday. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The company's 50-day moving average is $34.54 and its 200 day moving average is $38.11. The company has a market capitalization of $48.71 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 9.29 and a beta of 1.01. 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 (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The business's revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. Sell-side analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently declared 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is presently 38.64%.

Analyst Ratings Changes

A number of research analysts have weighed in on SLB shares. Piper Sandler reduced their target price on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus reduced their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company decreased their price target on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, June 5th. Jefferies Financial Group decreased their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Susquehanna decreased their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.38.

Insider Activity

In related news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director La Chevardiere Patrick De sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the transaction, the director now directly owns 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

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.

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