SS&H Financial Advisors Inc. Has $2.15 Million Holdings in Schlumberger Limited (NYSE:SLB)

SS&H Financial Advisors Inc. boosted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 21.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 51,426 shares of the oil and gas company's stock after purchasing an additional 9,135 shares during the period. SS&H Financial Advisors Inc.'s holdings in Schlumberger were worth $2,150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Contravisory Investment Management Inc. bought a new stake in Schlumberger in the first quarter valued at approximately $914,000. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Schlumberger by 8.3% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 719,727 shares of the oil and gas company's stock worth $30,077,000 after acquiring an additional 55,456 shares during the last quarter. RFG Advisory LLC bought a new stake in Schlumberger in the 1st quarter valued at $998,000. InvesTrust lifted its holdings in Schlumberger by 1.9% during the 1st quarter. InvesTrust now owns 105,738 shares of the oil and gas company's stock valued at $4,420,000 after purchasing an additional 1,953 shares during the last quarter. Finally, HBW Advisory Services LLC bought a new position in Schlumberger during the first quarter worth $298,000. Institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SLB. Wells Fargo & Company dropped their price objective on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday. Jefferies Financial Group lowered their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Susquehanna reduced their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a report on Monday, April 28th. Morgan Stanley lowered their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, Piper Sandler reduced their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Five 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $52.38.

Insider Activity at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following 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 position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $0.75 during midday trading on Friday, hitting $33.83. The stock had a trading volume of 7,080,678 shares, compared to its average volume of 13,472,376. The company's 50-day moving average price is $34.60 and its 200-day moving average price is $38.74. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $50.94. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $46.01 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, equities research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

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

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.