Schlumberger Limited (NYSE:SLB) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,605 shares of the oil and gas company's stock after buying an additional 15,123 shares during the period. Segall Bryant & Hamill LLC's holdings in Schlumberger were worth $14,446,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SLB. First Command Advisory Services Inc. increased its stake in Schlumberger by 300.0% in the 1st 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. Alpine Bank Wealth Management purchased a new position in Schlumberger in the 1st quarter worth approximately $34,000. Park Square Financial Group LLC purchased a new position in Schlumberger in the 1st quarter worth approximately $38,000. Sound Income Strategies LLC increased its stake in Schlumberger by 265.4% in the 1st quarter. Sound Income Strategies LLC now owns 961 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 698 shares during the period. Finally, True Wealth Design LLC increased its stake in Schlumberger by 584.7% in the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 842 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director La Chevardiere Patrick De sold 5,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the transaction, the director directly owned 23,525 shares in the company, valued at $789,969.50. The trade was a 17.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company's stock.

Schlumberger Trading Down 3.7%

Shares of NYSE:SLB traded down $1.30 during trading on Friday, hitting $33.37. The company had a trading volume of 35,360,423 shares, compared to its average volume of 14,296,101. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.52. 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 stock has a market cap of $45.39 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 8.98 and a beta of 1.01. The company has a fifty day simple moving average of $34.86 and a two-hundred day simple moving average of $37.53.

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

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.42%. Schlumberger's dividend payout ratio is presently 38.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SLB shares. Jefferies Financial Group reduced their target price on Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Morgan Stanley dropped their price target on Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Piper Sandler dropped their price target on Schlumberger from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday. Atb Cap Markets upgraded Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Susquehanna dropped their price target on Schlumberger from $46.00 to $44.00 and set a "positive" rating on the stock in a research report on Tuesday, July 1st. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.56.

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.