Schlumberger Limited (NYSE:SLB) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK raised its position in Schlumberger Limited (NYSE:SLB - Free Report) by 30.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,197 shares of the oil and gas company's stock after acquiring an additional 200,788 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.06% of Schlumberger worth $35,914,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SLB. Norges Bank acquired a new position in Schlumberger in the 4th quarter valued at about $735,398,000. Price T Rowe Associates Inc. MD grew its position in Schlumberger by 7.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock valued at $2,913,312,000 after acquiring an additional 5,225,828 shares in the last quarter. Lazard Asset Management LLC grew its position in Schlumberger by 3,112.1% in the 4th quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company's stock valued at $139,059,000 after acquiring an additional 3,514,134 shares in the last quarter. Deutsche Bank AG grew its position in Schlumberger by 12.2% in the 4th quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock valued at $1,101,804,000 after acquiring an additional 3,119,543 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Schlumberger by 43,028.0% in the 4th quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after acquiring an additional 2,646,653 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group lifted their target price on Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley decreased their price objective on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. 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. Jefferies Financial Group decreased their price objective 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, Barclays decreased their price objective on Schlumberger from $48.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Schlumberger has an average rating of "Moderate Buy" and a consensus target price of $50.79.

Schlumberger Stock Performance

SLB traded up $0.43 during trading on Thursday, hitting $36.68. 11,649,138 shares of the stock were exchanged, compared to its average volume of 13,825,340. The firm has a market capitalization of $49.89 billion, a P/E ratio of 12.43, a PEG ratio of 9.62 and a beta of 1.01. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The stock has a fifty day moving average price of $34.66 and a two-hundred day moving average price of $37.64. 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 (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. As a group, sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The company 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 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is 38.64%.

Insider Buying and Selling

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

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.