Robeco Institutional Asset Management B.V. Grows Holdings in Schlumberger Limited (NYSE:SLB)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 68.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,053 shares of the oil and gas company's stock after buying an additional 135,560 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Schlumberger were worth $13,963,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SLB. Perigon Wealth Management LLC boosted its holdings in shares of Schlumberger by 68.8% in the 1st quarter. Perigon Wealth Management LLC now owns 28,453 shares of the oil and gas company's stock worth $1,189,000 after purchasing an additional 11,594 shares during the period. Omnia Family Wealth LLC purchased a new stake in Schlumberger in the 1st quarter worth about $215,000. Tyche Wealth Partners LLC increased its position in shares of Schlumberger by 9.5% during the first quarter. Tyche Wealth Partners LLC now owns 7,818 shares of the oil and gas company's stock worth $327,000 after acquiring an additional 676 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Schlumberger during the first quarter worth approximately $34,000. Finally, HBK Sorce Advisory LLC increased its position in shares of Schlumberger by 4.5% during the first quarter. HBK Sorce Advisory LLC now owns 14,486 shares of the oil and gas company's stock worth $606,000 after acquiring an additional 619 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the firm's 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 completion of the transaction, the director now owns 23,525 shares of the company's stock, 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 SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Stock Performance

Shares of NYSE:SLB traded up $0.18 on Friday, hitting $34.01. 17,164,745 shares of the company were exchanged, compared to its average volume of 13,701,047. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The stock's 50 day moving average price is $34.46 and its 200 day moving average price is $37.82. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $46.26 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 8.86 and a beta of 1.01.

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

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.35%. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Analyst Ratings Changes

SLB has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus cut their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group cut their price objective on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday. Piper Sandler lowered their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Morgan Stanley lowered their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.03.

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.