one8zero8 LLC Has $2.67 Million Holdings in Schlumberger Limited (NYSE:SLB)

Key Points

• one8zero8 LLC increased its position in Schlumberger Limited (NYSE:SLB) by 23.7% during the 1st quarter, acquiring an additional 12,215 shares, bringing their total holdings to 63,824 shares valued at approximately $2.67 million.
• Research analysts have mixed views on Schlumberger, with a consensus rating of "Moderate Buy" and a target price averaging $49.28, while recent upgrades have lifted its ratings from "hold" to "strong-buy".
• Schlumberger declared a quarterly dividend of $0.285 per share, with a dividend yield of 3.21%, and the payout ratio stands at 39.04%.

one8zero8 LLC raised its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 23.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,824 shares of the oil and gas company's stock after buying an additional 12,215 shares during the quarter. one8zero8 LLC's holdings in Schlumberger were worth $2,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. boosted its holdings in shares of Schlumberger by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 477 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Schlumberger in the first quarter worth $34,000. True Wealth Design LLC lifted its position in 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 purchasing an additional 842 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Schlumberger in the first quarter valued at about $38,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth about $40,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Price Performance

NYSE:SLB traded up $0.52 during mid-day trading on Monday, reaching $35.99. 13,363,845 shares of the company were exchanged, compared to its average volume of 18,099,532. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $48.81. The company has a fifty day moving average of $34.75 and a 200 day moving average of $37.38. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The stock has a market cap of $48.95 billion, a PE ratio of 10.85, a PEG ratio of 9.76 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results 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. The company had revenue of $8.55 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.17%. Schlumberger's dividend payout ratio (DPR) is currently 39.04%.

Insider Buying and Selling

In other news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction that occurred 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 sale, the director directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research analyst reports. Susquehanna dropped their price objective on Schlumberger from $44.00 to $42.00 and set a "positive" rating on the stock in a research note on Monday, July 21st. Stifel Nicolaus cut their price target on Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Piper Sandler lowered their target price on Schlumberger from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Wells Fargo & Company lowered Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Morgan Stanley cut their price objective on Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.28.

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.