Schlumberger Limited (NYSE:SLB) Holdings Boosted by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 33.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,655 shares of the oil and gas company's stock after acquiring an additional 12,539 shares during the period. WCM Investment Management LLC's holdings in Schlumberger were worth $2,080,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Schlumberger in the 1st quarter valued at about $34,000. Sound Income Strategies LLC grew its position in shares of Schlumberger by 265.4% in the first quarter. Sound Income Strategies LLC now owns 961 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 698 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Schlumberger by 584.7% during the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 842 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Schlumberger during the 4th quarter worth approximately $40,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in Schlumberger in the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Trading Down 0.8%

Shares of NYSE SLB traded down $0.29 during midday trading on Friday, hitting $35.63. The 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 1-year low of $31.11 and a 1-year high of $50.94. The company has a market capitalization of $48.46 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 9.40 and a beta of 1.01. The company has a fifty day moving average price of $34.51 and a 200 day moving average price of $37.69.

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

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Wednesday, June 4th. Schlumberger's payout ratio is currently 38.64%.

Insider Buying and Selling at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the business's 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 completion of the sale, the director directly owned 23,525 shares in the company, valued at approximately $789,969.50. The trade was a 17.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SLB shares. Wells Fargo & Company cut their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, June 5th. Jefferies Financial Group reduced their target price on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Barclays lowered their price target on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Susquehanna reduced their price objective on shares of Schlumberger from $46.00 to $44.00 and set a "positive" rating on the stock in a research note on Tuesday. Finally, Piper Sandler decreased their target price on shares of Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.85.

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.