Vanguard Capital Wealth Advisors Acquires 8,600 Shares of Schlumberger Limited (NYSE:SLB)

Vanguard Capital Wealth Advisors grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 47.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,600 shares of the oil and gas company's stock after purchasing an additional 8,600 shares during the quarter. Schlumberger makes up approximately 1.4% of Vanguard Capital Wealth Advisors' portfolio, making the stock its 14th biggest position. Vanguard Capital Wealth Advisors' holdings in Schlumberger were worth $1,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SLB. Brighton Jones LLC boosted its stake in shares of Schlumberger by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after purchasing an additional 1,166 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Schlumberger by 29.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 113,212 shares of the oil and gas company's stock valued at $4,279,000 after purchasing an additional 25,911 shares during the period. Tyche Wealth Partners LLC purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $274,000. YANKCOM Partnership purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $31,000. Finally, Oakworth Capital Inc. lifted its stake in Schlumberger by 20.0% in the fourth quarter. Oakworth Capital Inc. now owns 2,276 shares of the oil and gas company's stock worth $87,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Activity

In other news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares in the company, valued at $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the director now owns 23,525 shares of the company's stock, valued at $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLB. Wells Fargo & Company dropped their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday. Piper Sandler dropped their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Jefferies Financial Group dropped their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Morgan Stanley dropped their price target on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Stifel Nicolaus dropped their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and an average target price of $52.38.

Schlumberger Price Performance

SLB opened at $33.87 on Friday. The stock has a fifty day simple moving average of $34.44 and a two-hundred day simple moving average of $38.67. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market cap of $46.07 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. Schlumberger's revenue was down 2.5% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal 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 issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.37%. Schlumberger's payout ratio is presently 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.

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