Schlumberger Limited $SLB Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 875,546 shares of the oil and gas company's stock after purchasing an additional 18,391 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.06% of Schlumberger worth $36,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Schlumberger by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after purchasing an additional 1,166 shares during the last quarter. CreativeOne Wealth LLC raised its stake in Schlumberger by 8.2% in the 4th quarter. CreativeOne Wealth LLC now owns 5,320 shares of the oil and gas company's stock valued at $204,000 after purchasing an additional 405 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Schlumberger by 25.6% during the 4th quarter. NewEdge Advisors LLC now owns 52,950 shares of the oil and gas company's stock worth $2,030,000 after purchasing an additional 10,791 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Schlumberger by 106.4% during the fourth quarter. GeoWealth Management LLC now owns 9,001 shares of the oil and gas company's stock valued at $345,000 after buying an additional 4,641 shares during the period. Finally, First Trust Advisors LP grew its stake in Schlumberger by 106.1% in the 4th quarter. First Trust Advisors LP now owns 1,360,818 shares of the oil and gas company's stock worth $52,174,000 after acquiring an additional 700,412 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SLB has been the topic of a number of recent analyst reports. Susquehanna reduced their price target on Schlumberger from $44.00 to $42.00 and set a "positive" rating on the stock in a research note on Monday, July 21st. UBS Group decreased their price target on Schlumberger from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Jefferies Financial Group lowered their target price 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. Finally, Morgan Stanley cut their price target on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.86.

Schlumberger Trading Up 5.2%

NYSE SLB traded up $1.7650 during mid-day trading on Friday, hitting $35.5750. The company's stock had a trading volume of 16,023,117 shares, compared to its average volume of 16,241,825. The firm has a market capitalization of $48.07 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 9.26 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $46.16. The stock's fifty day simple moving average is $34.53 and its two-hundred day simple moving average is $36.40.

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

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.2%. Schlumberger's payout ratio is 39.04%.

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.