Schlumberger Limited $SLB Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its position in shares of Schlumberger Limited (NYSE:SLB) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 847,561 shares of the oil and gas company’s stock after selling 11,636 shares during the period. Capital Advisors Inc. OK’s holdings in Schlumberger were worth $28,648,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SLB. First Command Advisory Services Inc. raised its position in Schlumberger by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 477 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in Schlumberger in the 2nd quarter valued at about $29,000. Atlas Capital Advisors Inc. acquired a new stake in Schlumberger in the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Schlumberger by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 350 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in Schlumberger in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SLB. Piper Sandler reduced their price target on Schlumberger from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Melius began coverage on Schlumberger in a research report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target on the stock. Wells Fargo & Company lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. Atb Cap Markets raised Schlumberger from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, Melius Research began coverage on Schlumberger in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Schlumberger Price Performance

Shares of NYSE SLB opened at $34.26 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $46.15. The firm has a market capitalization of $51.17 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 9.51 and a beta of 0.97. The stock’s 50-day simple moving average is $34.63 and its 200-day simple moving average is $35.10.

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

Schlumberger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, September 3rd. Schlumberger’s dividend payout ratio (DPR) is currently 39.04%.

Insider Transactions at Schlumberger

In related news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

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.