Schlumberger Limited (NYSE:SLB) Stake Decreased by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its holdings in Schlumberger Limited (NYSE:SLB) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,575 shares of the oil and gas company’s stock after selling 603 shares during the quarter. Evanson Asset Management LLC’s holdings in Schlumberger were worth $519,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Summit Financial Group Inc. raised its stake in shares of Schlumberger by 1.4% during the first quarter. Summit Financial Group Inc. now owns 14,557 shares of the oil and gas company’s stock valued at $715,000 after purchasing an additional 200 shares in the last quarter. Howland Capital Management LLC raised its position in shares of Schlumberger by 1.6% during the 1st quarter. Howland Capital Management LLC now owns 13,823 shares of the oil and gas company’s stock worth $682,000 after buying an additional 220 shares in the last quarter. Eukles Asset Management lifted its stake in shares of Schlumberger by 3.3% in the 1st quarter. Eukles Asset Management now owns 6,992 shares of the oil and gas company’s stock worth $343,000 after acquiring an additional 221 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Schlumberger by 5.2% in the first quarter. Valmark Advisers Inc. now owns 4,993 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 248 shares in the last quarter. Finally, Vigilant Capital Management LLC increased its stake in shares of Schlumberger by 12.5% during the first quarter. Vigilant Capital Management LLC now owns 2,250 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 250 shares during the period. 79.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In other news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $46.67, for a total value of $291,687.50. Following the completion of the sale, the chief financial officer now directly owns 201,015 shares of the company’s stock, valued at $9,381,370.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mogharbel Khaled Al sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $60.24, for a total transaction of $1,807,200.00. Following the transaction, the executive vice president now directly owns 324,867 shares in the company, valued at approximately $19,569,988.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $46.67, for a total value of $291,687.50. Following the sale, the chief financial officer now directly owns 201,015 shares of the company’s stock, valued at $9,381,370.05. The disclosure for this sale can be found here. Insiders sold 158,805 shares of company stock valued at $9,220,673 over the last three months. 0.23% of the stock is owned by corporate insiders.

Schlumberger Stock Down 1.7 %

Shares of NYSE:SLB opened at $60.58 on Friday. Schlumberger Limited has a 52 week low of $33.80 and a 52 week high of $62.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.97 and a current ratio of 1.33. The company has a market cap of $86.10 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 0.78 and a beta of 1.82. The firm has a 50 day simple moving average of $58.28 and a 200 day simple moving average of $51.77.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Schlumberger had a return on equity of 21.27% and a net margin of 12.63%. The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.20 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. Schlumberger’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Schlumberger Limited will post 2.98 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, September 5th. Schlumberger’s dividend payout ratio (DPR) is 36.50%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. HSBC lowered their price objective on shares of Schlumberger from $75.00 to $71.00 in a research note on Thursday, July 27th. Susquehanna upped their price objective on Schlumberger from $68.00 to $72.00 and gave the company a “positive” rating in a report on Thursday, September 7th. Piper Sandler upped their price objective on Schlumberger from $64.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, September 11th. Benchmark reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Schlumberger in a research note on Monday, July 24th. Finally, StockNews.com initiated coverage on shares of Schlumberger in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.73.

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, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.