Vanguard Personalized Indexing Management LLC Decreases Stock Position in Schlumberger Limited $SLB

Vanguard Personalized Indexing Management LLC reduced its position in Schlumberger Limited (NYSE:SLB - Free Report) by 16.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,080 shares of the oil and gas company's stock after selling 22,962 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Schlumberger were worth $4,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SLB. Brighton Jones LLC increased its position in 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. Bison Wealth LLC purchased a new position in shares of Schlumberger in the fourth quarter valued at $238,000. GAMMA Investing LLC grew its position in shares of Schlumberger by 45.5% in the first quarter. GAMMA Investing LLC now owns 21,671 shares of the oil and gas company's stock valued at $906,000 after purchasing an additional 6,778 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Schlumberger by 14.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 169,944 shares of the oil and gas company's stock valued at $7,104,000 after purchasing an additional 21,680 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Schlumberger in the first quarter valued at $447,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Price Performance

NYSE:SLB opened at $32.55 on Wednesday. The firm has a market capitalization of $48.62 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 8.97 and a beta of 0.97. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $44.97. The stock has a fifty day moving average of $34.50 and a 200 day moving average of $34.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31.

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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.51 billion. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. On average, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.5%. Schlumberger's payout ratio is 39.04%.

Insider Transactions at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of Schlumberger stock in a transaction dated Friday, September 12th. The stock was 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 owned 202,201 shares of the company's stock, valued at $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SLB has been the subject of several recent research reports. Melius Research initiated coverage on Schlumberger in a research report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 price target for the company. UBS Group reduced their price target on Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Zacks Research upgraded Schlumberger from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Melius initiated coverage on Schlumberger in a research report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and a consensus price target of $52.06.

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.

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