7,191 Shares in Schlumberger Limited (NYSE:SLB) Acquired by One Wealth Advisors LLC

One Wealth Advisors LLC purchased a new stake in Schlumberger Limited (NYSE:SLB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,191 shares of the oil and gas company's stock, valued at approximately $303,000.

A number of other institutional investors have also recently made changes to their positions in the business. Journey Strategic Wealth LLC bought a new stake in shares of Schlumberger during the first quarter valued at approximately $328,000. Argonautica Private Wealth Management Inc. increased its holdings in Schlumberger by 18.1% during the first quarter. Argonautica Private Wealth Management Inc. now owns 7,082 shares of the oil and gas company's stock valued at $296,000 after buying an additional 1,085 shares during the period. AE Wealth Management LLC increased its holdings in Schlumberger by 33.8% during the first quarter. AE Wealth Management LLC now owns 21,796 shares of the oil and gas company's stock valued at $911,000 after buying an additional 5,508 shares during the period. Blume Capital Management Inc. increased its holdings in Schlumberger by 2.0% during the first quarter. Blume Capital Management Inc. now owns 60,677 shares of the oil and gas company's stock valued at $2,536,000 after buying an additional 1,182 shares during the period. Finally, Winthrop Capital Management LLC increased its holdings in Schlumberger by 4.1% during the first quarter. Winthrop Capital Management LLC now owns 9,532 shares of the oil and gas company's stock valued at $398,000 after buying an additional 375 shares during the period. Institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SLB. Wells Fargo & Company lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 20th. Piper Sandler cut their price target on shares of Schlumberger from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Jefferies Financial Group cut their price target on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Barclays cut their price target on shares of Schlumberger from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Finally, Morgan Stanley cut their price target on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $49.28.

Schlumberger Price Performance

Shares of SLB traded up $0.24 during mid-day trading on Friday, hitting $35.48. 11,459,659 shares of the company were exchanged, compared to its average volume of 18,384,440. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $49.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31. The company has a 50 day moving average of $34.75 and a 200-day moving average of $37.40. The stock has a market cap of $48.26 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 9.70 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company had revenue of $8.55 billion during the quarter, compared to analysts' expectations of $8.51 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Schlumberger's revenue was down 6.5% compared to the same quarter last year. Analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.21%. Schlumberger's dividend payout ratio is currently 39.04%.

Insider Activity

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 23,525 shares in the company, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is 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.