Schlumberger Limited (NYSE:SLB) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,371,421 shares of the oil and gas company's stock after selling 102,411 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Schlumberger worth $57,325,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Command Advisory Services Inc. grew its stake in shares of 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 valued at $27,000 after buying an additional 477 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Schlumberger in the 1st quarter valued at approximately $34,000. True Wealth Design LLC grew its stake in shares of Schlumberger by 584.7% in the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after buying an additional 842 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Schlumberger in the 1st quarter valued at approximately $38,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Schlumberger in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

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

Schlumberger Stock Up 0.7%

Shares of SLB traded up $0.24 during midday trading on Friday, reaching $35.48. The stock had a trading volume of 11,459,659 shares, compared to its average volume of 18,384,440. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $49.31. The company's fifty day simple moving average is $34.75 and its two-hundred day simple moving average is $37.40. The company has a market cap of $48.26 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 9.70 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98.

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

Schlumberger Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.21%. Schlumberger's payout ratio is 39.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SLB shares. 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 note on Monday, July 21st. Barclays lowered their price objective on shares of Schlumberger from $47.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Stifel Nicolaus lowered their price objective on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Finally, Jefferies Financial Group lowered their price objective on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.28.

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.