Dynamic Advisor Solutions LLC Buys New Shares in Schlumberger Limited (NYSE:SLB)

Dynamic Advisor Solutions LLC acquired a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,688 shares of the oil and gas company's stock, valued at approximately $447,000.

Other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Schlumberger by 584.7% during the fourth 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 bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $46,000. Heck Capital Advisors LLC bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $47,000. Finally, Sava Infond d.o.o. bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $54,000. 81.99% of the stock is owned by institutional investors.

Schlumberger Stock Down 0.1%

Schlumberger stock traded down $0.04 during mid-day trading on Friday, reaching $35.82. 29,993,139 shares of the company were exchanged, compared to its average volume of 13,603,827. The business has a fifty day moving average of $34.54 and a 200 day moving average of $38.08. 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 firm has a market cap of $48.71 billion, a P/E ratio of 12.14, a PEG ratio of 9.29 and a beta of 1.01. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94.

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

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. 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 is presently 38.64%.

Insider Activity

In related news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This represents a 44.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the transaction, the director now directly owns 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SLB. Stifel Nicolaus lowered their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, April 28th. Wells Fargo & Company lowered their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, June 5th. Susquehanna lowered their price target on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Piper Sandler lowered their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Barclays lowered their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.38.

Schlumberger 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.