Schlumberger Limited $SLB Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Schlumberger Limited by 13.5% in the second quarter, owning 378,993 shares valued at approximately $12.81 million.
• Schlumberger recently reported earnings per share of $0.74 for the last quarter, exceeding expectations, though its revenue decreased by 6.5% year-over-year to $8.55 billion.
• The company will pay a quarterly dividend of $0.285 on October 9th, representing an annual yield of 3.3% and a dividend payout ratio of 39.04%.

Robeco Institutional Asset Management B.V. boosted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 13.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 378,993 shares of the oil and gas company's stock after acquiring an additional 44,940 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Schlumberger were worth $12,810,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SLB. First Command Advisory Services Inc. lifted its holdings in shares of Schlumberger by 300.0% during the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 477 shares during the period. Atticus Wealth Management LLC purchased a new position in Schlumberger during the 2nd quarter worth $29,000. Atlas Capital Advisors Inc. purchased a new position in Schlumberger during the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Schlumberger by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 350 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Schlumberger in the first quarter valued at about $34,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Stock Performance

Schlumberger stock opened at $34.26 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The company has a fifty day moving average price of $34.63 and a two-hundred day moving average price of $35.15. The company has a market cap of $51.17 billion, a PE ratio of 11.73, a P/E/G ratio of 9.51 and a beta of 0.97. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $46.15.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same period last year, the firm posted $0.85 EPS. Schlumberger's quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. Schlumberger's dividend payout ratio (DPR) is currently 39.04%.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price objective on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Piper Sandler dropped their price target on Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Susquehanna cut their price objective on shares of Schlumberger from $44.00 to $42.00 and set a "positive" rating for the company in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $52.18.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.22% of the company's stock.

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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