Waverton Investment Management Ltd Raises Position in Schlumberger Limited (NYSE:SLB)

Waverton Investment Management Ltd boosted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,344,999 shares of the oil and gas company's stock after acquiring an additional 116,588 shares during the quarter. Schlumberger comprises about 1.5% of Waverton Investment Management Ltd's holdings, making the stock its 26th largest holding. Waverton Investment Management Ltd owned approximately 0.17% of Schlumberger worth $98,009,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of 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. Crestwood Advisors Group LLC bought a new stake in shares of Schlumberger in the 4th quarter worth about $254,000. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of Schlumberger in the 4th quarter valued at about $226,000. Sprott Inc. bought a new stake in Schlumberger in the fourth quarter valued at about $249,000. Finally, National Pension Service raised its stake in Schlumberger by 16.4% during the fourth quarter. National Pension Service now owns 3,156,820 shares of the oil and gas company's stock valued at $121,032,000 after buying an additional 445,438 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Stock Performance

NYSE:SLB opened at $33.80 on Friday. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 8.60 and a beta of 1.01. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $34.49 and a 200-day moving average of $37.89.

Schlumberger (NYSE:SLB - Get Free Report) last announced its 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). The firm had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The business's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Wall Street Analyst Weigh In

SLB has been the subject of a number of research reports. Morgan Stanley decreased their price objective on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Wells Fargo & Company dropped their price objective on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, June 5th. Barclays lowered their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Stifel Nicolaus cut their price target on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group lowered their price objective on Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.03.

Insider Activity

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the director now directly owns 23,525 shares of the company's stock, valued at $789,969.50. The trade was a 17.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

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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