Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $607,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 162.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,490 shares of the oil and gas company's stock after buying an additional 8,964 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Schlumberger were worth $607,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings 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 worth $40,000 after buying an additional 698 shares in the last quarter. True Wealth Design LLC lifted its holdings in Schlumberger by 584.7% during the 4th 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 in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Schlumberger during the 4th quarter worth $40,000. J.Safra Asset Management Corp acquired a new position in shares of Schlumberger in the 4th quarter valued at $46,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the 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 completion of the transaction, the director now directly owns 23,525 shares in the company, valued at $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction dated 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 owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

Schlumberger Trading Down 5.8%

Shares of SLB traded down $2.08 during trading hours on Monday, reaching $33.76. The stock had a trading volume of 25,797,781 shares, compared to its average volume of 13,653,130. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The firm has a 50-day moving average of $34.54 and a 200 day moving average of $38.00. The company has a market cap of $45.92 billion, a P/E ratio of 11.44, a P/E/G ratio of 9.29 and a beta of 1.02.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. Schlumberger's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, sell-side analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders 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 yield of 3.38%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SLB shares. Wells Fargo & Company decreased their price objective on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, June 5th. Stifel Nicolaus dropped their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, April 28th. Jefferies Financial Group dropped their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Piper Sandler dropped their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Barclays dropped their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.