Wealth Alliance Advisory Group LLC Buys New Holdings in Schlumberger Limited $SLB

Key Points

• Wealth Alliance Advisory Group LLC acquired a new stake in Schlumberger Limited, purchasing 7,515 shares valued at approximately $254,000 during the second quarter.
• In a related insider transaction, Dianne B. Ralston sold 39,727 shares of Schlumberger stock, reducing her holdings by 16.42% and leaving her with shares valued at around $7.3 million.
• Schlumberger announced a quarterly dividend of $0.285 per share, reflecting an annualized yield of 3.2% and a dividend payout ratio of 39.04%.

Wealth Alliance Advisory Group LLC bought a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,515 shares of the oil and gas company's stock, valued at approximately $254,000.

A number of other large investors have also recently bought and sold shares of the company. Capital Asset Advisory Services LLC purchased a new stake in Schlumberger in the second quarter valued at approximately $213,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Schlumberger by 55.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company's stock valued at $33,000 after buying an additional 350 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in Schlumberger by 0.4% in the second quarter. Douglas Lane & Associates LLC now owns 1,470,176 shares of the oil and gas company's stock valued at $49,692,000 after buying an additional 6,204 shares during the last quarter. HBW Advisory Services LLC boosted its position in Schlumberger by 37.4% in the second quarter. HBW Advisory Services LLC now owns 9,809 shares of the oil and gas company's stock valued at $332,000 after buying an additional 2,671 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in Schlumberger by 1.7% in the first quarter. Inspire Investing LLC now owns 131,614 shares of the oil and gas company's stock valued at $5,501,000 after acquiring an additional 2,222 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Activity

In related news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Schlumberger Trading Down 1.2%

Shares of NYSE:SLB opened at $35.58 on Friday. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $46.15. The firm has a market capitalization of $53.14 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 10.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The business's 50 day moving average price is $34.82 and its 200-day moving average price is $35.75.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter last year, the firm posted $0.85 EPS. The business's revenue was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. Schlumberger's dividend payout ratio (DPR) is 39.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SLB. Stifel Nicolaus dropped their price objective on shares of Schlumberger from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. UBS Group cut their target price on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, August 20th. Melius started coverage on shares of Schlumberger in a report on Wednesday, August 20th. They set a "buy" rating and a $82.00 target price for the company. Melius Research started coverage on shares of Schlumberger in a report on Wednesday, August 20th. They set a "buy" rating and a $82.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.86.

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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