Cordatus Wealth Management LLC raised its stake in Schlumberger Limited (NYSE:SLB – Free Report) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,383 shares of the oil and gas company’s stock after buying an additional 281 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Schlumberger were worth $561,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in SLB. Manchester Capital Management LLC lifted its position in Schlumberger by 297.9% in the 1st quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 426 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Schlumberger by 204.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 392 shares during the period. ORG Partners LLC lifted its holdings in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in shares of Schlumberger during the second quarter worth about $30,000. Finally, Riverview Trust Co grew its holdings in shares of Schlumberger by 90.6% during the second quarter. Riverview Trust Co now owns 648 shares of the oil and gas company’s stock worth $31,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.
Insider Buying and Selling
In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at $8,880,160.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Schlumberger
Schlumberger Stock Performance
SLB stock traded up $0.21 during midday trading on Thursday, reaching $40.36. 3,303,326 shares of the company were exchanged, compared to its average volume of 11,128,184. Schlumberger Limited has a one year low of $38.66 and a one year high of $57.75. The firm has a market capitalization of $57.69 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.51. The business has a 50-day moving average price of $42.63 and a two-hundred day moving average price of $45.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12.
Schlumberger (NYSE:SLB – Get Free Report) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The business had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. Schlumberger’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities research analysts forecast that Schlumberger Limited will post 3.4 EPS for the current year.
Schlumberger Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.73%. Schlumberger’s dividend payout ratio (DPR) is currently 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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