Schlumberger Limited $SLB Position Boosted by Samjo Management LLC

Samjo Management LLC raised its stake in shares of Schlumberger Limited (NYSE:SLBFree Report) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 213,030 shares of the oil and gas company’s stock after purchasing an additional 18,585 shares during the period. Schlumberger accounts for about 3.8% of Samjo Management LLC’s investment portfolio, making the stock its 7th biggest holding. Samjo Management LLC’s holdings in Schlumberger were worth $8,905,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Command Advisory Services Inc. increased its holdings in Schlumberger by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 477 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Schlumberger in the first quarter worth approximately $33,000. Alpine Bank Wealth Management bought a new position in shares of Schlumberger in the first quarter worth approximately $34,000. True Wealth Design LLC increased its stake in shares of Schlumberger by 584.7% in the fourth quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 842 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of Schlumberger during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 20th. Barclays dropped their price objective on Schlumberger from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. UBS Group decreased their target price on Schlumberger from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday. Melius started coverage on Schlumberger in a research note on Wednesday. They issued a “buy” rating and a $82.00 price target for the company. Finally, Atb Cap Markets upgraded shares of Schlumberger from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.86.

Check Out Our Latest Stock Analysis on Schlumberger

Schlumberger Stock Performance

SLB stock opened at $35.5750 on Friday. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $46.16. The firm has a market cap of $48.07 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 9.38 and a beta of 1.03. The business’s fifty day simple moving average is $34.51 and its two-hundred day simple moving average is $36.36. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLBGet Free Report) last issued its earnings results on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. Analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be paid a $0.285 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. Schlumberger’s dividend payout ratio (DPR) is 39.04%.

Schlumberger Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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