Boston Trust Walden Corp Buys 187,490 Shares of Schlumberger Limited $SLB

Key Points

• Boston Trust Walden Corp increased its stake in Schlumberger Limited by 47.4%, now owning 582,751 shares valued at approximately $19.7 million following the purchase of 187,490 shares.
• Several analysts have revised their target prices for Schlumberger, with the average target now at $52.06 and ratings ranging from "Strong Buy" to "Hold."
• Schlumberger declared a quarterly dividend of $0.285, supporting a 3.5% dividend yield, with a payout ratio of 39.04%.

Boston Trust Walden Corp grew its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 47.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 582,751 shares of the oil and gas company's stock after acquiring an additional 187,490 shares during the quarter. Boston Trust Walden Corp's holdings in Schlumberger were worth $19,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. increased its stake in shares of Schlumberger by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock valued at $27,000 after acquiring an additional 477 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Schlumberger in the 1st quarter valued at about $33,000. Alpine Bank Wealth Management bought a new stake in shares of Schlumberger in the 1st quarter valued at about $34,000. Atticus Wealth Management LLC bought a new stake in shares of Schlumberger in the 2nd quarter valued at about $29,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Schlumberger in the 1st quarter valued at about $38,000. 81.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SLB shares. UBS Group lowered their target price on Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Schlumberger in a research note on Wednesday, October 8th. Stifel Nicolaus lowered their target price on Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Jefferies Financial Group lowered their target price on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Finally, Susquehanna lowered their target price on Schlumberger from $44.00 to $42.00 and set a "positive" rating for the company in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and an average price target of $52.06.

Schlumberger Trading Up 0.9%

NYSE:SLB opened at $32.55 on Wednesday. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $44.97. 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 business has a 50 day moving average price of $34.50 and a two-hundred day moving average price of $34.73. The company has a market cap of $48.62 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 8.97 and a beta of 0.97.

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

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Schlumberger's dividend payout ratio is presently 39.04%.

Insider Activity at Schlumberger

In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the sale, the insider owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.22% 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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