Vontobel Holding Ltd. Sells 58,472 Shares of Schlumberger Limited (NYSE:SLB)

Vontobel Holding Ltd. trimmed its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 12.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,453 shares of the oil and gas company's stock after selling 58,472 shares during the quarter. Vontobel Holding Ltd.'s holdings in Schlumberger were worth $17,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SLB. Mather Group LLC. increased its position in Schlumberger by 17.3% during the first quarter. Mather Group LLC. now owns 5,470 shares of the oil and gas company's stock valued at $229,000 after acquiring an additional 807 shares during the last quarter. Alta Advisers Ltd purchased a new position in Schlumberger in the first quarter worth about $313,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Schlumberger during the 1st quarter valued at about $44,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Schlumberger during the 1st quarter valued at about $663,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Schlumberger in the 1st quarter worth approximately $240,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus decreased their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. UBS Group boosted their price objective on shares of Schlumberger from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday. Barclays decreased their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Susquehanna lowered their target price on Schlumberger from $46.00 to $44.00 and set a "positive" rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.85.

Schlumberger Price Performance

SLB stock traded down $0.29 during midday trading on Friday, hitting $35.63. The company's stock had a trading volume of 7,240,714 shares, compared to its average volume of 13,775,893. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The company has a 50 day moving average of $34.51 and a two-hundred day moving average of $37.69. The firm has a market capitalization of $48.46 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 9.40 and a beta of 1.01.

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

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insider Buying and Selling at Schlumberger

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 sale, the director directly owned 23,525 shares of the company's stock, valued at approximately $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

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.