Waverly Advisors LLC Makes New Investment in Schlumberger Limited (NYSE:SLB)

Waverly Advisors LLC bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,495 shares of the oil and gas company's stock, valued at approximately $479,000.

Several other hedge funds also recently bought and sold shares of SLB. Williams Jones Wealth Management LLC. grew its holdings in shares of Schlumberger by 3.4% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 14,541 shares of the oil and gas company's stock valued at $558,000 after purchasing an additional 479 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Schlumberger in the fourth quarter valued at approximately $3,251,000. Vident Advisory LLC grew its holdings in shares of Schlumberger by 1.0% in the fourth quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company's stock valued at $1,067,000 after purchasing an additional 273 shares in the last quarter. Vivaldi Capital Management LP acquired a new position in shares of Schlumberger in the fourth quarter valued at approximately $3,524,000. Finally, Twinbeech Capital LP acquired a new position in shares of Schlumberger in the fourth quarter valued at approximately $357,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the business's stock in a transaction dated 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 now directly owns 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated 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 sale, the insider now 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus decreased their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Susquehanna reduced their price objective on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Finally, Piper Sandler reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.44.

Schlumberger Trading Down 2.1%

Shares of SLB traded down $0.70 on Friday, hitting $32.98. 3,952,274 shares of the stock traded hands, compared to its average volume of 13,552,716. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $44.86 billion, a P/E ratio of 10.63, a P/E/G ratio of 10.10 and a beta of 1.06. The stock's 50 day moving average is $35.48 and its two-hundred day moving average is $39.09. Schlumberger Limited has a 1 year low of $31.11 and a 1 year 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 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the company posted $0.75 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's payout ratio is 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.