Schlumberger Limited (NYSE:SLB) Shares Sold by Quilter Plc

Quilter Plc lessened its position in Schlumberger Limited (NYSE:SLB - Free Report) by 25.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,814 shares of the oil and gas company's stock after selling 14,509 shares during the period. Quilter Plc's holdings in Schlumberger were worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vident Advisory LLC grew its stake in shares of Schlumberger by 1.0% in the fourth quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock worth $1,067,000 after acquiring an additional 273 shares during the last quarter. Glen Eagle Advisors LLC boosted its holdings in Schlumberger by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company's stock valued at $301,000 after purchasing an additional 282 shares during the period. Heritage Wealth Management Inc. Texas grew its position in Schlumberger by 2.2% in the 1st quarter. Heritage Wealth Management Inc. Texas now owns 14,736 shares of the oil and gas company's stock worth $616,000 after purchasing an additional 318 shares during the last quarter. Wahed Invest LLC grew its position in Schlumberger by 0.9% in the 4th quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company's stock worth $1,343,000 after purchasing an additional 319 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Schlumberger by 1.0% during the 4th quarter. TD Private Client Wealth LLC now owns 31,832 shares of the oil and gas company's stock worth $1,220,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director now directly owns 23,525 shares in the company, 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 is accessible through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Piper Sandler reduced their target price on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Barclays reduced their price objective 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. Wells Fargo & Company lowered their target price on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, June 5th. 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 research note on Monday, April 28th. Finally, Jefferies Financial Group decreased their price objective on Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and a consensus price target of $52.03.

Schlumberger Stock Performance

Shares of NYSE:SLB opened at $33.80 on Friday. The business has a fifty day moving average of $34.49 and a 200-day moving average of $37.89. 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 Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The firm has a market cap of $45.98 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 8.60 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share 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 company 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 EPS. The company's revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.37%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio is 38.64%.

Schlumberger Company 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.

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