Schlumberger Limited (NYSE:SLB) Stock Holdings Boosted by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 848.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 140,410 shares of the oil and gas company's stock after acquiring an additional 125,600 shares during the period. Hennessy Advisors Inc.'s holdings in Schlumberger were worth $5,869,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SLB. Brighton Jones LLC grew its position in shares of Schlumberger by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock worth $253,000 after acquiring an additional 1,166 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Schlumberger in the fourth quarter worth about $32,000. Avestar Capital LLC lifted its holdings in Schlumberger by 13.1% in the fourth quarter. Avestar Capital LLC now owns 7,006 shares of the oil and gas company's stock worth $269,000 after purchasing an additional 814 shares during the period. Bogart Wealth LLC lifted its holdings in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in Schlumberger by 22.7% in the fourth quarter. Vontobel Holding Ltd. now owns 470,925 shares of the oil and gas company's stock worth $18,055,000 after purchasing an additional 87,098 shares during the period. Institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SLB. Piper Sandler reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Morgan Stanley reduced their price objective on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. 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. Finally, Wells Fargo & Company cut their price target on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, June 5th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Schlumberger has an average rating of "Moderate Buy" and a consensus target price of $52.38.

Schlumberger Stock Performance

Shares of SLB opened at $36.31 on Friday. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The company has a 50-day moving average of $34.36 and a two-hundred day moving average of $38.35. The stock has a market cap of $49.38 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 10.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. 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 earned $0.75 earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is 38.64%.

Insider Transactions at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction that occurred 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 now directly owns 23,525 shares of the company's stock, valued at $789,969.50. This represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred 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 directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

About Schlumberger

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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