Schlumberger Limited $SLB Holdings Trimmed by LexAurum Advisors LLC

LexAurum Advisors LLC reduced its position in shares of Schlumberger Limited (NYSE:SLB) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,332 shares of the oil and gas company’s stock after selling 723 shares during the period. LexAurum Advisors LLC’s holdings in Schlumberger were worth $417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SLB. First Command Advisory Services Inc. lifted its stake in Schlumberger by 300.0% during the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 477 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Schlumberger in the first quarter valued at $33,000. Alpine Bank Wealth Management acquired a new stake in shares of Schlumberger during the 1st quarter valued at $34,000. Atticus Wealth Management LLC bought a new stake in shares of Schlumberger during the 2nd quarter worth $29,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Schlumberger in the 1st quarter worth $38,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.

Schlumberger Stock Performance

Shares of SLB stock opened at $34.36 on Wednesday. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $46.15. The stock’s 50-day moving average is $34.68 and its two-hundred day moving average is $35.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The firm has a market cap of $51.32 billion, a P/E ratio of 11.77, a PEG ratio of 9.75 and a beta of 1.05.

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

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. Schlumberger’s dividend payout ratio is 39.04%.

Analyst Ratings Changes

SLB has been the subject of a number of recent analyst reports. Barclays decreased their price target on Schlumberger from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Jefferies Financial Group decreased their target price on shares of Schlumberger from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, June 26th. JPMorgan Chase & Co. cut their price target on shares of Schlumberger from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Zacks Research raised shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.18.

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.