Schlumberger Limited (NYSE:SLB) Shares Acquired by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 840.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,190 shares of the oil and gas company's stock after purchasing an additional 100,265 shares during the period. Baker Ellis Asset Management LLC's holdings in Schlumberger were worth $4,690,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. TCW Group Inc. grew its position in Schlumberger by 1.3% in the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock valued at $759,000 after buying an additional 259 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Schlumberger by 1.0% during the fourth quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock worth $1,067,000 after acquiring an additional 273 shares during the period. Glen Eagle Advisors LLC raised its holdings in Schlumberger by 3.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company's stock worth $301,000 after purchasing an additional 282 shares in the last quarter. Cromwell Holdings LLC lifted its position in Schlumberger by 7.0% in the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after purchasing an additional 283 shares during the period. Finally, Laidlaw Wealth Management LLC lifted its position in Schlumberger by 1.3% in the fourth quarter. Laidlaw Wealth Management LLC now owns 23,085 shares of the oil and gas company's stock valued at $885,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling

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

Schlumberger Price Performance

Shares of NYSE:SLB traded down $0.02 on Thursday, hitting $35.67. The company had a trading volume of 5,587,749 shares, compared to its average volume of 13,490,246. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market cap of $48.52 billion, a PE ratio of 11.47, a PEG ratio of 10.10 and a beta of 1.01. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. The business has a 50 day moving average of $34.22 and a 200 day moving average of $38.49.

Schlumberger (NYSE:SLB - Get Free Report) last released its 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). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same quarter last year, the company posted $0.75 earnings per share. Schlumberger's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is 38.64%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SLB shares. Barclays dropped their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Susquehanna cut their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group reduced their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Stifel Nicolaus decreased their target price on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler cut their price target on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Four research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.38.

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.