Schlumberger Limited (NYSE:SLB) Stock Holdings Lifted by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. grew its stake in shares of Schlumberger Limited (NYSE:SLB) by 21.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 51,426 shares of the oil and gas company’s stock after acquiring an additional 9,135 shares during the period. SS&H Financial Advisors Inc.’s holdings in Schlumberger were worth $2,150,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. TCW Group Inc. increased its stake in Schlumberger by 1.3% during the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company’s stock valued at $759,000 after acquiring an additional 259 shares during the period. Vident Advisory LLC lifted its position in shares of Schlumberger by 1.0% in the 4th quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company’s stock worth $1,067,000 after acquiring an additional 273 shares during the period. Glen Eagle Advisors LLC grew its holdings in shares of Schlumberger by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 282 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of Schlumberger by 7.0% during the fourth quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company’s stock valued at $167,000 after purchasing an additional 283 shares during the period. Finally, Patron Partners LLC raised its stake in shares of Schlumberger by 3.6% in the fourth quarter. Patron Partners LLC now owns 8,498 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 297 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Schlumberger Trading Up 2.3%

Shares of SLB opened at $34.10 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market cap of $46.38 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 10.10 and a beta of 1.06. The stock has a fifty day moving average price of $34.95 and a two-hundred day moving average price of $38.85. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal 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 dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.34%. Schlumberger’s payout ratio is 38.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Susquehanna decreased their target price 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. Piper Sandler lowered their target price on shares of Schlumberger from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company upgraded shares of Schlumberger from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group decreased their price objective on Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.44.

Insider Activity

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the 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 completion of the sale, 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 ownership of the stock. 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 dated 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 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 disclosure for this sale can be found here. 0.26% of the stock is owned by 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.