Schlumberger Limited (NYSE:SLB) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE lowered its position in Schlumberger Limited (NYSE:SLB - Free Report) by 65.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,477 shares of the oil and gas company's stock after selling 204,258 shares during the quarter. Flossbach Von Storch SE's holdings in Schlumberger were worth $4,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in Schlumberger during the 1st quarter worth about $34,000. Sound Income Strategies LLC boosted its position in 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. True Wealth Design LLC boosted its position in 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 bought a new stake in Schlumberger during the 4th quarter valued at $40,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Schlumberger during the 1st quarter valued at $44,000. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Stock Performance

Shares of SLB stock traded up $0.43 on Thursday, hitting $36.68. The company had a trading volume of 11,649,203 shares, compared to its average volume of 13,846,490. The firm has a market cap of $49.89 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 9.58 and a beta of 1.01. The company has a 50-day moving average price of $34.72 and a 200-day moving average price of $37.64. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the firm earned $0.75 earnings per share. The business's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm 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 of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a yield of 3.11%. Schlumberger's payout ratio is 38.64%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SLB shares. UBS Group raised their price target on shares of Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company lowered their price target on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a report on Thursday, June 5th. Stifel Nicolaus lowered their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, April 28th. 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. Finally, Piper Sandler lowered their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.79.

Insiders Place Their Bets

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the transaction, the director owned 23,525 shares of the company's stock, valued at approximately $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.