Schlumberger Limited (NYSE:SLB) Stake Boosted by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lifted its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 834.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 27,066 shares of the oil and gas company's stock after acquiring an additional 24,168 shares during the period. SBI Securities Co. Ltd.'s holdings in Schlumberger were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Schlumberger by 7.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock valued at $2,913,312,000 after buying an additional 5,225,828 shares in the last quarter. Geode Capital Management LLC raised its position in Schlumberger by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock valued at $1,146,195,000 after purchasing an additional 1,377,134 shares in the last quarter. Deutsche Bank AG raised its position in Schlumberger by 12.2% in the 4th quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock valued at $1,101,804,000 after purchasing an additional 3,119,543 shares in the last quarter. Norges Bank acquired a new stake in Schlumberger in the 4th quarter valued at about $735,398,000. Finally, Boston Partners increased its holdings in shares of Schlumberger by 9.9% in the 4th quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock valued at $597,356,000 after acquiring an additional 1,405,186 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Transactions at Schlumberger

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 23,525 shares in the company, valued at $789,969.50. This represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SLB has been the subject of several recent analyst reports. UBS Group raised their price target on Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Atb Cap Markets raised Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Morgan Stanley lowered their price objective on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Stifel Nicolaus lowered their price objective on Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Susquehanna lowered their price target on Schlumberger from $46.00 to $44.00 and set a "positive" rating for the company in a research report on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and a consensus price target of $50.68.

Schlumberger Stock Up 0.0%

Shares of NYSE SLB traded up $0.02 on Thursday, hitting $34.61. The company had a trading volume of 19,658,912 shares, compared to its average volume of 13,987,051. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The business has a 50 day moving average of $34.87 and a two-hundred day moving average of $37.59. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $47.07 billion, a P/E ratio of 11.72, a PEG ratio of 9.38 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 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 during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the firm posted $0.75 EPS. The company's revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 4th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is 38.64%.

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.