Schlumberger Limited (NYSE:SLB) Shares Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 236.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,908 shares of the oil and gas company's stock after purchasing an additional 103,182 shares during the quarter. Stratos Investment Management LLC's holdings in Schlumberger were worth $6,141,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hourglass Capital LLC lifted its stake in Schlumberger by 12.0% during the first quarter. Hourglass Capital LLC now owns 245,565 shares of the oil and gas company's stock worth $10,265,000 after purchasing an additional 26,220 shares during the last quarter. Brown Advisory Inc. lifted its position in Schlumberger by 6.6% in the first quarter. Brown Advisory Inc. now owns 1,361,820 shares of the oil and gas company's stock valued at $56,924,000 after acquiring an additional 84,845 shares during the last quarter. Ninety One UK Ltd purchased a new stake in Schlumberger in the first quarter valued at $14,913,000. Alpha Cubed Investments LLC lifted its position in Schlumberger by 38.6% in the first quarter. Alpha Cubed Investments LLC now owns 284,039 shares of the oil and gas company's stock valued at $11,873,000 after acquiring an additional 79,034 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in Schlumberger by 1.4% in the first quarter. Crossmark Global Holdings Inc. now owns 223,577 shares of the oil and gas company's stock valued at $9,345,000 after acquiring an additional 3,123 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

SLB has been the subject of a number of research reports. Morgan Stanley reduced their price target 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. Jefferies Financial Group cut their price target on Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company cut their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Atb Cap Markets raised Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, UBS Group lifted their price target on Schlumberger from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and an average target price of $50.85.

Insider Activity

In other news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction dated 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 directly owned 23,525 shares of the company's stock, valued at $789,969.50. The trade was a 17.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $1.58 on Tuesday, hitting $36.53. The company had a trading volume of 13,518,002 shares, compared to its average volume of 13,782,037. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. The business has a 50 day moving average of $34.55 and a 200 day moving average of $37.66. The company has a market cap of $49.69 billion, a PE ratio of 12.38, a PEG ratio of 9.38 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The company had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The firm's revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.12%. Schlumberger's dividend payout ratio is currently 38.64%.

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.