Capital Advisors Wealth Management LLC Makes New $361,000 Investment in Schlumberger Limited (NYSE:SLB)

Capital Advisors Wealth Management LLC bought a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,630 shares of the oil and gas company's stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management acquired a new position in Schlumberger during the first quarter valued at $34,000. True Wealth Design LLC raised its stake in shares of Schlumberger by 584.7% during the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after buying an additional 842 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at about $40,000. Sound Income Strategies LLC boosted its stake in shares of Schlumberger by 265.4% in the first 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 during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in Schlumberger during the fourth quarter worth about $46,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Price Performance

Shares of Schlumberger stock traded up $0.65 on Wednesday, hitting $35.85. 16,113,607 shares of the company were exchanged, compared to its average volume of 16,432,398. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 8.85 and a beta of 1.01. The company has a 50-day moving average price of $34.46 and a 200 day moving average price of $37.73.

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

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.18%. Schlumberger's dividend payout ratio (DPR) is 38.64%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Susquehanna lowered their price target on shares of Schlumberger from $46.00 to $44.00 and set a "positive" rating on the stock in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, June 5th. Barclays dropped their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group reduced their price target on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, Stifel Nicolaus dropped their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.85.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director directly owned 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% 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.