Schulhoff & Co. Inc. reduced its stake in Schlumberger Limited (NYSE:SLB – Get Rating) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,490 shares of the oil and gas company’s stock after selling 472 shares during the period. Schulhoff & Co. Inc.’s holdings in Schlumberger were worth $268,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in SLB. Sugarloaf Wealth Management LLC increased its holdings in Schlumberger by 1,059.6% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 603 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 551 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Schlumberger by 95.6% during the first quarter. JFS Wealth Advisors LLC now owns 618 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 302 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in shares of Schlumberger by 51.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 893 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 302 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Schlumberger by 768.4% during the first quarter. Crewe Advisors LLC now owns 660 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 584 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Schlumberger during the first quarter valued at about $29,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Schlumberger
In other Schlumberger news, major shareholder Limited/Nv Schlumberger sold 12,032,500 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $17.00, for a total value of $204,552,500.00. Following the completion of the sale, the insider now owns 23,069,461 shares in the company, valued at approximately $392,180,837. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Gavin Rennick sold 10,759 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $46.70, for a total transaction of $502,445.30. Following the completion of the transaction, the insider now owns 38,044 shares in the company, valued at $1,776,654.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Limited/Nv Schlumberger sold 12,032,500 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $17.00, for a total transaction of $204,552,500.00. Following the completion of the sale, the insider now owns 23,069,461 shares in the company, valued at $392,180,837. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,047,459 shares of company stock worth $205,224,121. 0.28% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Schlumberger Price Performance
Shares of SLB stock traded up $0.71 during mid-day trading on Friday, reaching $34.66. The company’s stock had a trading volume of 6,863,446 shares, compared to its average volume of 12,074,322. Schlumberger Limited has a 1-year low of $25.90 and a 1-year high of $49.83. The company has a market cap of $49.02 billion, a P/E ratio of 18.84, a PEG ratio of 0.44 and a beta of 1.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.98 and a current ratio of 1.35. The firm’s 50-day moving average is $38.08 and its two-hundred day moving average is $39.82.
Schlumberger (NYSE:SLB – Get Rating) last announced its quarterly earnings data on Friday, July 22nd. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Schlumberger had a net margin of 10.56% and a return on equity of 15.06%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. On average, research analysts predict that Schlumberger Limited will post 2 earnings per share for the current year.
Schlumberger Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, September 6th. Schlumberger’s payout ratio is presently 38.04%.
Schlumberger Company Profile
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.
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