Free Trial

Schlumberger Limited (NYSE:SLB) Shares Purchased by Brown Advisory Inc.

Schlumberger logo with Energy background

Brown Advisory Inc. increased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,361,820 shares of the oil and gas company's stock after acquiring an additional 84,845 shares during the quarter. Brown Advisory Inc. owned approximately 0.10% of Schlumberger worth $56,924,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Schlumberger in the first quarter worth about $34,000. True Wealth Design LLC raised its stake in shares of 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 in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Schlumberger in the fourth quarter worth $40,000. Sound Income Strategies LLC increased its stake in shares of Schlumberger by 265.4% in the first quarter. Sound Income Strategies LLC now owns 961 shares of the oil and gas company's stock worth $40,000 after buying an additional 698 shares during the period. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Schlumberger during the 1st quarter valued at $44,000. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Schlumberger

In other 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 value of $167,900.00. Following the sale, the director directly owned 23,525 shares in the company, valued at approximately $789,969.50. This trade represents a 17.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company's stock.

Schlumberger Stock Up 1.9%

Shares of NYSE:SLB traded up $0.70 during trading hours on Friday, reaching $37.35. The stock had a trading volume of 11,333,547 shares, compared to its average volume of 13,896,116. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The firm's 50 day moving average is $34.77 and its 200-day moving average is $37.64. The stock has a market capitalization of $50.80 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 9.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.62% and a return on equity of 21.76%. The firm had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. Schlumberger's revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th were issued a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.05%. Schlumberger's payout ratio is 38.64%.

Analysts Set New Price Targets

SLB has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Wells Fargo & Company dropped their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, June 5th. Morgan Stanley lowered their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Piper Sandler reduced their target price on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average target price of $50.79.

View Our Latest Analysis on SLB

Schlumberger Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

Should You Invest $1,000 in Schlumberger Right Now?

Before you consider Schlumberger, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Schlumberger wasn't on the list.

While Schlumberger currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines