Isthmus Partners LLC Increases Stock Position in Schlumberger Limited (NYSE:SLB)

Isthmus Partners LLC boosted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,723 shares of the oil and gas company's stock after buying an additional 31,810 shares during the period. Isthmus Partners LLC's holdings in Schlumberger were worth $10,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vident Advisory LLC grew its holdings in shares of Schlumberger by 1.0% during the fourth quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock valued at $1,067,000 after buying an additional 273 shares during the last quarter. Glen Eagle Advisors LLC raised its holdings in 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 acquiring an additional 282 shares during the last quarter. Heritage Wealth Management Inc. Texas lifted its position in 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 valued at $616,000 after acquiring an additional 318 shares in the last quarter. Wahed Invest LLC boosted its stake in Schlumberger by 0.9% during the 4th quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company's stock valued at $1,343,000 after purchasing an additional 319 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings 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 in the last quarter. Institutional investors own 81.99% of the company's stock.

Insider Activity

In related news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction on Thursday, May 22nd. The shares were 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 in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Schlumberger Price Performance

NYSE SLB opened at $37.35 on Friday. The business's fifty day moving average is $34.77 and its 200 day moving average is $37.64. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $50.94. 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 company has a market capitalization of $50.80 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 9.87 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.62% and a return on equity of 21.76%. The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th were given a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.05%. Schlumberger's payout ratio is currently 38.64%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SLB. Jefferies Financial Group decreased their price target on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Barclays decreased their target price on Schlumberger from $48.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Susquehanna reduced their price target on shares of Schlumberger from $46.00 to $44.00 and set a "positive" rating for the company in a research note on Tuesday, July 1st. Finally, 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 report on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and a consensus price target of $50.79.

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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