Czech National Bank Has $11.24 Million Holdings in Schlumberger Limited $SLB

Key Points

• The Czech National Bank increased its holdings in Schlumberger Limited by 3.3%, owning 332,471 shares worth approximately $11.24 million at the end of the second quarter.
• Schlumberger has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $52.86.
• Schlumberger will pay a quarterly dividend of $0.285 on October 9th, representing an annualized yield of 3.2%.

Czech National Bank boosted its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,471 shares of the oil and gas company's stock after buying an additional 10,718 shares during the quarter. Czech National Bank's holdings in Schlumberger were worth $11,238,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of Schlumberger during the first quarter worth approximately $169,232,000. Scharf Investments LLC boosted its holdings in shares of Schlumberger by 20.5% during the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company's stock worth $69,133,000 after acquiring an additional 281,773 shares during the period. Integrated Advisors Network LLC boosted its holdings in shares of Schlumberger by 810.4% during the first quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company's stock worth $3,142,000 after acquiring an additional 66,907 shares during the period. Alan B Lancz & Associates Inc. bought a new stake in shares of Schlumberger during the first quarter worth approximately $308,000. Finally, Stratos Investment Management LLC boosted its holdings in shares of Schlumberger by 236.0% during the first quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company's stock worth $6,141,000 after acquiring an additional 103,182 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Wall Street Analyst Weigh In

SLB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Melius assumed coverage on Schlumberger in a report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 price objective for the company. Susquehanna dropped their price objective on Schlumberger from $44.00 to $42.00 and set a "positive" rating for the company in a report on Monday, July 21st. Piper Sandler dropped their price objective on Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Finally, Wells Fargo & Company cut Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.86.

Insiders Place Their Bets

In related news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction 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 directly owned 202,201 shares in the company, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by insiders.

Schlumberger Stock Up 1.4%

Shares of NYSE:SLB opened at $35.26 on Wednesday. The company has a fifty day moving average of $34.79 and a 200-day moving average of $35.67. The company has a market capitalization of $52.67 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 9.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $46.15.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. On average, equities analysts predict 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 will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, September 3rd. Schlumberger's dividend payout ratio is presently 39.04%.

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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