Sargent Investment Group LLC Grows Stock Holdings in Schlumberger Limited (NYSE:SLB)

Sargent Investment Group LLC grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 17.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,204 shares of the oil and gas company's stock after purchasing an additional 8,350 shares during the period. Sargent Investment Group LLC's holdings in Schlumberger were worth $2,308,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. lifted 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 acquiring an additional 477 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Schlumberger in the 1st quarter valued at $34,000. True Wealth Design LLC raised 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 worth $38,000 after acquiring an additional 842 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Schlumberger during the first quarter worth $38,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Schlumberger in the 4th quarter valued at approximately $40,000. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Performance

NYSE SLB opened at $33.37 on Friday. The company has a fifty day moving average price of $34.86 and a 200-day moving average price of $37.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.93. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.52. The firm has a market cap of $45.39 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 8.96 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.51 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The company's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.42%. Schlumberger's payout ratio is presently 38.64%.

Insiders Place Their Bets

In related news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director directly owned 23,525 shares in the company, valued at approximately $789,969.50. The trade was 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 accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays decreased their price objective on shares of Schlumberger from $48.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna cut their target price on Schlumberger from $46.00 to $44.00 and set a "positive" rating on the stock in a research note on Tuesday, July 1st. Wells Fargo & Company cut their price objective on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, June 5th. Finally, Stifel Nicolaus dropped their price target on Schlumberger from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus price target of $50.56.

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.

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