Duncker Streett & Co. Inc. Decreases Position in Schlumberger Limited (NYSE:SLB)

Duncker Streett & Co. Inc. trimmed its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 52.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,583 shares of the oil and gas company's stock after selling 9,603 shares during the period. Duncker Streett & Co. Inc.'s holdings in Schlumberger were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in SLB. True Wealth Design LLC lifted its position in shares of Schlumberger by 584.7% in the fourth quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after buying an additional 842 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth about $40,000. Sound Income Strategies LLC lifted its position 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 in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Schlumberger in the fourth quarter worth about $46,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth about $47,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Trading Down 5.8%

Shares of SLB traded down $2.08 during mid-day trading on Monday, reaching $33.76. 25,797,781 shares of the company's stock traded hands, compared to its average volume of 13,652,796. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.93. The stock has a market cap of $45.92 billion, a P/E ratio of 11.44, a P/E/G ratio of 9.29 and a beta of 1.02. The stock's 50-day moving average is $34.54 and its two-hundred day moving average is $38.00. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94.

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

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.38%. Schlumberger's payout ratio is 38.64%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SLB. Barclays reduced their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Piper Sandler reduced their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Susquehanna reduced their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group reduced their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Finally, Morgan Stanley reduced their price objective on Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and an average target price of $52.38.

Insider Activity at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. This represents a 44.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director now owns 23,525 shares of the company's stock, valued at approximately $789,969.50. This represents a 17.53% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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.