Capital Advisors Inc. OK reduced its position in Schlumberger Limited (NYSE:SLB - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 847,561 shares of the oil and gas company's stock after selling 11,636 shares during the quarter. Capital Advisors Inc. OK owned about 0.06% of Schlumberger worth $28,648,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC grew its holdings in Schlumberger by 4.5% in the 1st quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company's stock valued at $307,000 after buying an additional 316 shares in the last quarter. Heritage Wealth Management Inc. Texas grew its holdings 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 valued at $616,000 after buying an additional 318 shares in the last quarter. Horizon Investments LLC grew its holdings in Schlumberger by 1.5% in the 1st quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company's stock valued at $946,000 after buying an additional 330 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Schlumberger by 6.3% in the 1st quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company's stock valued at $236,000 after buying an additional 335 shares in the last quarter. Finally, Forza Wealth Management LLC grew its holdings in Schlumberger by 5.8% in the 1st quarter. Forza Wealth Management LLC now owns 6,374 shares of the oil and gas company's stock valued at $266,000 after buying an additional 350 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Schlumberger
In related news, insider Dianne B. Ralston sold 39,727 shares of the 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 transaction, the insider owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.
Schlumberger Stock Performance
NYSE SLB opened at $34.26 on Monday. The stock 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. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $46.15. The stock has a fifty day simple moving average of $34.63 and a 200-day simple moving average of $35.10.
Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.The business had revenue of $8.55 billion during the quarter, compared to analysts' expectations of $8.51 billion. During the same period in the prior year, the business posted $0.85 EPS. The company's revenue was down 6.5% compared to the same quarter last year. Equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.
Schlumberger Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.3%. Schlumberger's dividend payout ratio is presently 39.04%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. UBS Group dropped their target price on Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, August 20th. Weiss Ratings restated a "hold (c-)" rating on shares of Schlumberger in a report on Saturday, September 27th. Stifel Nicolaus dropped their target price on Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Piper Sandler dropped their target price on Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Finally, Barclays lowered their price target on Schlumberger from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Two 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 MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus target price of $52.18.
Check Out Our Latest Stock Analysis on SLB
About Schlumberger
(
Free Report)
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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