Capital Advisors Inc. OK Has $35.91 Million Holdings in Schlumberger Limited (NYSE:SLB)

Capital Advisors Inc. OK grew its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 30.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 859,197 shares of the oil and gas company's stock after buying an additional 200,788 shares during the period. Capital Advisors Inc. OK owned approximately 0.06% of Schlumberger worth $35,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLB. Vident Advisory LLC boosted its position in shares of Schlumberger by 1.0% in the 4th quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock worth $1,067,000 after purchasing an additional 273 shares during the last quarter. Glen Eagle Advisors LLC boosted its position in shares of Schlumberger by 3.7% in the 4th 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 during the last quarter. Heritage Wealth Management Inc. Texas boosted its position in shares of Schlumberger by 2.2% in the 1st quarter. Heritage Wealth Management Inc. Texas now owns 14,736 shares of the oil and gas company's stock worth $616,000 after purchasing an additional 318 shares during the last quarter. Wahed Invest LLC boosted its position in shares of Schlumberger by 0.9% in the 4th quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company's stock worth $1,343,000 after purchasing an additional 319 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Schlumberger by 1.0% in the 4th quarter. TD Private Client Wealth LLC now owns 31,832 shares of the oil and gas company's stock worth $1,220,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SLB. Barclays reduced their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on Schlumberger from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Jefferies Financial Group reduced their target price on Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Wells Fargo & Company reduced their target price on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, June 5th. Finally, Stifel Nicolaus reduced their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.85.

Schlumberger Price Performance

NYSE:SLB opened at $35.63 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. The stock's 50-day simple moving average is $34.53 and its 200 day simple moving average is $37.67. The company has a market cap of $48.46 billion, a P/E ratio of 12.08, a P/E/G ratio of 9.38 and a beta of 1.01. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94.

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). The company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. Schlumberger's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insiders Place Their Bets

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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

About Schlumberger

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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