Schlumberger Limited (NYSE:SLB) Shares Purchased by Oak Family Advisors LLC

Oak Family Advisors LLC raised its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 133.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,635 shares of the oil and gas company's stock after purchasing an additional 40,373 shares during the quarter. Schlumberger accounts for 1.5% of Oak Family Advisors LLC's portfolio, making the stock its 26th largest position. Oak Family Advisors LLC's holdings in Schlumberger were worth $3,872,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in Schlumberger during the 1st quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Schlumberger during the 4th quarter valued at approximately $26,000. Transcendent Capital Group LLC acquired a new position in shares of Schlumberger in the 4th quarter worth approximately $32,000. Rational Advisors LLC acquired a new position in shares of Schlumberger in the 1st quarter worth approximately $35,000. Finally, Janiczek Wealth Management LLC grew its position in shares of Schlumberger by 1,180.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 602 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

SLB has been the subject of several research reports. Benchmark reiterated a "buy" rating and issued a $68.00 target price on shares of Schlumberger in a research report on Monday, April 22nd. TD Cowen decreased their target price on Schlumberger from $64.00 to $63.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Susquehanna reiterated a "positive" rating and issued a $77.00 target price on shares of Schlumberger in a research report on Monday, April 22nd. Morgan Stanley reiterated an "overweight" rating and issued a $65.00 target price on shares of Schlumberger in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Schlumberger in a report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $68.72.

Insider Buying and Selling

In other news, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the transaction, the chief technology officer now owns 33,421 shares in the company, valued at $1,612,897.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the transaction, the chief technology officer now owns 33,421 shares in the company, valued at $1,612,897.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the sale, the chief financial officer now directly owns 242,932 shares of the company's stock, valued at approximately $11,816,212.48. The disclosure for this sale can be found here. Insiders have sold 119,345 shares of company stock worth $5,774,965 in the last three months. 0.26% of the stock is currently owned by insiders.

Schlumberger Price Performance

Shares of SLB traded up $0.06 during midday trading on Tuesday, reaching $48.29. The stock had a trading volume of 6,882,413 shares, compared to its average volume of 10,712,654. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The firm's 50 day moving average price is $51.31 and its 200-day moving average price is $50.93. The company has a market capitalization of $69.02 billion, a P/E ratio of 16.04, a P/E/G ratio of 0.93 and a beta of 1.64.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. On average, analysts forecast that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from Schlumberger's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. Schlumberger's payout ratio is presently 36.54%.

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.

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