Vident Advisory LLC Buys 13,733 Shares of Schlumberger Limited $SLB

Key Points

• Vident Advisory LLC increased its stake in Schlumberger Limited by 49.3% in the first quarter, now owning 41,571 shares valued at approximately $1.74 million.
• Schlumberger recently reported a $0.74 EPS for the last quarter, exceeding analyst estimates, but its quarterly revenue decreased by 6.5% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.285 per share, representing a 3.2% dividend yield and a payout ratio of 39.04%.

Vident Advisory LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 49.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 41,571 shares of the oil and gas company's stock after purchasing an additional 13,733 shares during the period. Vident Advisory LLC's holdings in Schlumberger were worth $1,738,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new position in Schlumberger during the first quarter worth about $169,232,000. Scharf Investments LLC lifted its position in Schlumberger by 20.5% during the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company's stock worth $69,133,000 after acquiring an additional 281,773 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Schlumberger by 810.4% during the first quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company's stock worth $3,142,000 after acquiring an additional 66,907 shares during the last quarter. Alan B Lancz & Associates Inc. acquired a new stake in Schlumberger during the first quarter worth approximately $308,000. Finally, Stratos Investment Management LLC lifted its position in Schlumberger by 236.0% during the first quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company's stock worth $6,141,000 after acquiring an additional 103,182 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Down 0.6%

Shares of NYSE SLB traded down $0.21 during trading on Friday, hitting $35.81. 13,436,375 shares of the company traded hands, compared to its average volume of 12,118,300. The business's fifty day moving average is $34.75 and its 200 day moving average is $35.99. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $46.15. The firm has a market capitalization of $48.38 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 9.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $8.55 billion for the quarter, compared to analysts' expectations of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. 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 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. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, September 3rd. Schlumberger's payout ratio is currently 39.04%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SLB. Morgan Stanley cut their price objective on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Melius Research initiated coverage on shares of Schlumberger in a research report on Wednesday, August 20th. They set a "buy" rating and a $82.00 price objective for the company. UBS Group dropped their price target 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. Susquehanna dropped their price target 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, Atb Cap Markets upgraded shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.86.

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.