Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Schlumberger Limited (NYSE:SLB)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 14.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,944 shares of the oil and gas company's stock after purchasing an additional 21,680 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Schlumberger were worth $7,104,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in Schlumberger by 584.7% in the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 842 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Schlumberger in the 4th quarter valued at $40,000. J.Safra Asset Management Corp acquired a new stake in shares of Schlumberger during the fourth quarter valued at about $46,000. Heck Capital Advisors LLC acquired a new stake in shares of Schlumberger during the fourth quarter valued at about $47,000. Finally, Sava Infond d.o.o. acquired a new stake in shares of Schlumberger during the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the transaction, the director now owns 23,525 shares in the company, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Schlumberger Trading Down 0.7%

Schlumberger stock opened at $33.50 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. The firm has a market cap of $45.57 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 8.74 and a beta of 1.01. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The firm's 50 day moving average price is $34.53 and its two-hundred day moving average price is $37.97.

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

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders 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 3.40%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is currently 38.64%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company reduced their price target on shares of Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Piper Sandler reduced their price target 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. Morgan Stanley reduced their price target on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, Susquehanna reduced their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.38.

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.

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