Boston Trust Walden Corp Has $19.70 Million Stock Holdings in Schlumberger Limited $SLB

Boston Trust Walden Corp raised its holdings in shares of Schlumberger Limited (NYSE:SLB) by 47.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 582,751 shares of the oil and gas company’s stock after buying an additional 187,490 shares during the period. Boston Trust Walden Corp’s holdings in Schlumberger were worth $19,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in SLB. First Command Advisory Services Inc. lifted its holdings in Schlumberger by 300.0% during the 1st 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. Atticus Wealth Management LLC acquired a new stake in Schlumberger during the 2nd quarter valued at $29,000. Atlas Capital Advisors Inc. acquired a new stake in Schlumberger during the 1st quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Schlumberger by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Schlumberger during the first quarter worth $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

SLB has been the subject of a number of research reports. Wells Fargo & Company downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Zacks Research raised Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Melius started coverage on Schlumberger in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target on the stock. Melius Research initiated coverage on Schlumberger in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target on the stock. Finally, UBS Group cut their price objective on Schlumberger from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus target price of $52.06.

Insider Transactions at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.22% of the company’s stock.

Schlumberger Price Performance

Shares of SLB opened at $32.55 on Wednesday. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $44.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31. The business’s 50 day moving average price is $34.50 and its two-hundred day moving average price is $34.73. The firm has a market cap of $48.62 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 8.97 and a beta of 0.97.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (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 firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.5%. Schlumberger’s payout ratio is 39.04%.

About Schlumberger

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.