Live Oak Private Wealth LLC Has $7.36 Million Holdings in Schlumberger Limited (NYSE:SLB)

Live Oak Private Wealth LLC grew its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 38.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,007 shares of the oil and gas company's stock after purchasing an additional 48,607 shares during the period. Live Oak Private Wealth LLC's holdings in Schlumberger were worth $7,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLB. True Wealth Design LLC boosted its position in shares of Schlumberger by 584.7% during the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 842 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $40,000. Sound Income Strategies LLC boosted its position in shares of Schlumberger by 265.4% during the 1st quarter. Sound Income Strategies LLC now owns 961 shares of the oil and gas company's stock valued at $40,000 after acquiring an additional 698 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $46,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $47,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SLB has been the topic of several recent research reports. Piper Sandler decreased their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Barclays cut their price target on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Stifel Nicolaus cut their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, April 28th. Susquehanna cut their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley cut their price target on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.38.

Insider Transactions at Schlumberger

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the business'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 transaction, the director now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Schlumberger Price Performance

Shares of NYSE SLB traded down $2.08 during trading on Monday, reaching $33.76. The company had a trading volume of 25,797,781 shares, compared to its average volume of 13,652,796. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The stock has a market cap of $45.92 billion, a PE ratio of 11.44, a PEG ratio of 9.29 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. The business's 50 day moving average price is $34.54 and its 200-day moving average price is $38.00.

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

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio 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.