Schlumberger Limited (NYSE:SLB) Stake Increased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC raised its position in Schlumberger Limited (NYSE:SLB - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 164,196 shares of the oil and gas company's stock after acquiring an additional 19,912 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Schlumberger were worth $6,863,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. lifted its stake in shares of Schlumberger by 91.3% in the 1st quarter. Raleigh Capital Management Inc. now owns 4,464 shares of the oil and gas company's stock worth $187,000 after acquiring an additional 2,130 shares during the period. Capital Advisors Inc. OK lifted its stake in shares of Schlumberger by 30.5% in the first quarter. Capital Advisors Inc. OK now owns 859,197 shares of the oil and gas company's stock valued at $35,914,000 after purchasing an additional 200,788 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Schlumberger by 11.4% in the first quarter. Envestnet Asset Management Inc. now owns 1,402,233 shares of the oil and gas company's stock valued at $58,613,000 after purchasing an additional 143,679 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Schlumberger by 22.9% in the first quarter. Concurrent Investment Advisors LLC now owns 14,841 shares of the oil and gas company's stock valued at $620,000 after purchasing an additional 2,768 shares during the period. Finally, Simmons Bank lifted its stake in shares of Schlumberger by 36.0% in the first quarter. Simmons Bank now owns 29,911 shares of the oil and gas company's stock valued at $1,250,000 after purchasing an additional 7,915 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Up 4.5%

Shares of NYSE SLB traded up $1.58 during trading on Tuesday, reaching $36.53. 13,518,002 shares of the stock were exchanged, compared to its average volume of 16,284,454. The business's 50-day moving average price is $34.55 and its 200 day moving average price is $37.66. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. 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 company has a market capitalization of $49.69 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 9.38 and a beta of 1.01.

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

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.12%. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Analysts Set New Price Targets

SLB has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Jefferies Financial Group lowered their price target on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Stifel Nicolaus lowered their target price 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. Barclays lowered their target price 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. Finally, Atb Cap Markets upgraded shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Three investment 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.85.

Insider Activity

In related news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction 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 completion of the sale, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company's stock.

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.