K.J. Harrison & Partners Inc Has $837,000 Stock Position in Schlumberger Limited (NYSE:SLB)

K.J. Harrison & Partners Inc grew its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 100.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,021 shares of the oil and gas company's stock after acquiring an additional 10,021 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Schlumberger were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Vident Advisory LLC boosted its position in shares of Schlumberger by 1.0% in 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 acquiring an additional 273 shares during the period. Glen Eagle Advisors LLC lifted its position in Schlumberger by 3.7% in the fourth quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company's stock worth $301,000 after purchasing an additional 282 shares during the period. Heritage Wealth Management Inc. Texas lifted its position in Schlumberger by 2.2% in the first quarter. Heritage Wealth Management Inc. Texas now owns 14,736 shares of the oil and gas company's stock worth $616,000 after purchasing an additional 318 shares during the period. Wahed Invest LLC lifted its position in Schlumberger by 0.9% in the fourth quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company's stock worth $1,343,000 after purchasing an additional 319 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in Schlumberger by 1.0% in the fourth 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 during the period. 81.99% of the stock is owned by institutional investors.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.18 during midday trading on Friday, reaching $34.01. 17,164,745 shares of the company traded hands, compared to its average volume of 13,701,047. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The firm has a market cap of $46.26 billion, a PE ratio of 11.53, a PEG ratio of 8.86 and a beta of 1.01. 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 stock's 50-day simple moving average is $34.46 and its 200-day simple moving average is $37.82.

Schlumberger (NYSE:SLB - Get Free Report) last announced 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). Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The business had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the business posted $0.75 earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.35%. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SLB shares. Stifel Nicolaus reduced their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Susquehanna reduced their target price on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday, April 28th. Morgan Stanley reduced their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Piper Sandler reduced their target price on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Jefferies Financial Group reduced their target price on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $52.03.

Insider Activity

In related news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the sale, the director now directly owns 23,525 shares in the company, valued at $789,969.50. This trade represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate 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.