Silver Oak Securities Incorporated Acquires New Shares in Schlumberger Limited (NYSE:SLB)

Silver Oak Securities Incorporated acquired a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,366 shares of the oil and gas company's stock, valued at approximately $309,000.

A number of other institutional investors have also recently bought and sold shares of SLB. Brighton Jones LLC lifted its position in shares of Schlumberger by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock worth $253,000 after buying an additional 1,166 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Schlumberger during the 4th quarter worth about $111,000. Assetmark Inc. lifted its position in shares of Schlumberger by 14.6% during the 4th quarter. Assetmark Inc. now owns 43,785 shares of the oil and gas company's stock worth $1,679,000 after purchasing an additional 5,572 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Schlumberger during the 4th quarter worth about $209,000. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Schlumberger by 0.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 49,882 shares of the oil and gas company's stock worth $1,928,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Down 0.8%

Shares of SLB opened at $35.63 on Monday. The firm has a market capitalization of $48.46 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 9.38 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. The business's fifty day moving average price is $34.53 and its two-hundred day moving average price is $37.67. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94.

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 analysts' consensus estimates of $0.73 by ($0.01). The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is currently 38.64%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SLB shares. Stifel Nicolaus lowered their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Piper Sandler lowered their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Barclays lowered their price target on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Morgan Stanley lowered their price target 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, UBS Group boosted their price target on Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and an average target price of $50.85.

Insider Buying and Selling 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 transaction, the director owned 23,525 shares of the company's stock, valued at $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited (NYSE:SLB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.