Schlumberger Limited (NYSE:SLB) Shares Purchased by Shelton Capital Management

Shelton Capital Management boosted its position in Schlumberger Limited (NYSE:SLB) by 71.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,148 shares of the oil and gas company’s stock after purchasing an additional 36,200 shares during the quarter. Shelton Capital Management’s holdings in Schlumberger were worth $4,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SLB. Acadian Asset Management LLC acquired a new stake in shares of Schlumberger in the 1st quarter worth $25,000. Exos TFP Holdings LLC increased its stake in shares of Schlumberger by 269.7% in the 1st quarter. Exos TFP Holdings LLC now owns 536 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 391 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Schlumberger in the 2nd quarter worth $31,000. Column Capital Advisors LLC increased its stake in shares of Schlumberger by 50.3% in the 2nd quarter. Column Capital Advisors LLC now owns 648 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 217 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Schlumberger in the 4th quarter worth $35,000. 79.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLB has been the subject of a number of research analyst reports. HSBC lowered their price target on Schlumberger from $75.00 to $71.00 in a report on Thursday, July 27th. Benchmark reiterated a “buy” rating and set a $65.00 price target on shares of Schlumberger in a report on Monday, July 24th. Jefferies Financial Group increased their price target on Schlumberger from $70.00 to $75.00 in a report on Monday, October 2nd. Morgan Stanley reiterated an “overweight” rating and set a $62.00 price target on shares of Schlumberger in a report on Monday, July 24th. Finally, Citigroup increased their price target on Schlumberger from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.36.

Insider Activity

In other news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.85, for a total transaction of $355,312.50. Following the sale, the chief financial officer now owns 188,515 shares of the company’s stock, valued at approximately $10,717,077.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Demosthenis Pafitis sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $58.83, for a total transaction of $3,529,800.00. Following the sale, the chief technology officer now owns 36,858 shares of the company’s stock, valued at approximately $2,168,356.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.85, for a total value of $355,312.50. Following the sale, the chief financial officer now directly owns 188,515 shares in the company, valued at approximately $10,717,077.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,250 shares of company stock worth $6,441,505. 0.23% of the stock is currently owned by company insiders.

Schlumberger Stock Performance

Shares of SLB opened at $52.85 on Friday. The stock has a 50-day simple moving average of $57.62 and a 200-day simple moving average of $54.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. The stock has a market capitalization of $75.23 billion, a PE ratio of 18.29, a PEG ratio of 0.71 and a beta of 1.77. Schlumberger Limited has a 1 year low of $42.73 and a 1 year high of $62.78.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $8.32 billion. Schlumberger had a return on equity of 21.80% and a net margin of 12.98%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. On average, analysts predict that Schlumberger Limited will post 2.97 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Wednesday, December 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s payout ratio is presently 34.60%.

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