Benjamin Edwards Inc. Has $787,000 Stock Position in Schlumberger Limited (NYSE:SLB)

Benjamin Edwards Inc. cut its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,835 shares of the oil and gas company's stock after selling 11,807 shares during the period. Benjamin Edwards Inc.'s holdings in Schlumberger were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. grew its holdings in Schlumberger by 300.0% during the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 477 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Schlumberger in the 1st quarter worth $34,000. True Wealth Design LLC grew its stake in shares of 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 purchasing an additional 842 shares during the period. Park Square Financial Group LLC bought a new stake in Schlumberger in the first quarter valued at about $38,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Schlumberger in the fourth quarter valued at about $40,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Atb Cap Markets upgraded Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Piper Sandler reduced their price objective on shares of Schlumberger from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Stifel Nicolaus lowered their target price on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Morgan Stanley cut their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Wells Fargo & Company lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 20th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned 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 $49.28.

Insider Buying and Selling

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the business'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 transaction, the director owned 23,525 shares of the company's stock, valued at $789,969.50. The trade was a 17.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company's stock.

Schlumberger Price Performance

NYSE SLB opened at $33.54 on Thursday. The firm's 50 day moving average is $34.68 and its 200-day moving average is $36.72. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $45.32 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 9.14 and a beta of 1.03. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $46.16.

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

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be given 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 3.4%. Schlumberger's dividend 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.

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