U.S. Capital Wealth Advisors LLC Sells 61,942 Shares of Schlumberger Limited $SLB

U.S. Capital Wealth Advisors LLC decreased its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 37.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,254 shares of the oil and gas company's stock after selling 61,942 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Schlumberger were worth $3,456,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. EntryPoint Capital LLC raised its stake 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 worth $307,000 after purchasing an additional 316 shares in the last quarter. Heritage Wealth Management Inc. Texas raised its stake 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 worth $616,000 after purchasing an additional 318 shares in the last quarter. Horizon Investments LLC raised its stake 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 worth $946,000 after purchasing an additional 330 shares in the last quarter. CreativeOne Wealth LLC raised its stake 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 worth $236,000 after purchasing an additional 335 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its stake in Schlumberger by 2.0% in the 1st quarter. Financial Management Professionals Inc. now owns 16,851 shares of the oil and gas company's stock worth $704,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Ratings Changes

SLB has been the subject of several analyst reports. Melius Research assumed coverage on shares of Schlumberger in a research note on Wednesday, August 20th. They issued a "buy" rating and a $82.00 price objective for the company. Barclays dropped their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Stifel Nicolaus dropped their target price 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, Atb Cap Markets upgraded shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus target price of $52.18.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider directly owned 202,201 shares in the company, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

Schlumberger Trading Down 1.4%

SLB opened at $33.95 on Tuesday. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $46.15. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $34.62 and a 200-day moving average of $35.49. The stock has a market cap of $50.71 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 9.56 and a beta of 1.05.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company 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 company posted $0.85 earnings per share. Schlumberger's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 EPS 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 given a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. Schlumberger's dividend payout ratio is 39.04%.

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.

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