Schlumberger Limited (NYSE:SLB) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. raised its position in Schlumberger Limited (NYSE:SLB) by 25.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 337,431 shares of the oil and gas company’s stock after purchasing an additional 67,938 shares during the period. Financial Counselors Inc.’s holdings in Schlumberger were worth $14,155,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLB. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Schlumberger during the first quarter valued at $252,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Schlumberger by 55.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 24,800 shares of the oil and gas company’s stock valued at $1,452,000 after acquiring an additional 8,829 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Schlumberger during the first quarter valued at $80,000. Swedbank AB acquired a new stake in shares of Schlumberger during the first quarter valued at $28,267,000. Finally, Atria Investments Inc boosted its stake in shares of Schlumberger by 1.9% during the first quarter. Atria Investments Inc now owns 73,617 shares of the oil and gas company’s stock valued at $4,034,000 after acquiring an additional 1,352 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Schlumberger Stock Performance

Shares of NYSE:SLB opened at $43.66 on Friday. The company has a market cap of $61.65 billion, a P/E ratio of 14.04, a PEG ratio of 1.54 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. Schlumberger Limited has a one year low of $38.66 and a one year high of $55.69. The business’s 50-day simple moving average is $42.95 and its 200 day simple moving average is $44.45.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, sell-side analysts forecast that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a yield of 2.52%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SLB shares. Susquehanna decreased their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. BMO Capital Markets reduced their target price on Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. TD Cowen reduced their target price on Schlumberger from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 21st. UBS Group reduced their target price on Schlumberger from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company reduced their target price on Schlumberger from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and a consensus price target of $60.97.

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