Duncker Streett & Co. Inc. Sells 7,716 Shares of Schlumberger Limited $SLB

Duncker Streett & Co. Inc. reduced its position in Schlumberger Limited (NYSE:SLB) by 89.9% in the second quarter, HoldingsChannel.com reports. The firm owned 867 shares of the oil and gas company’s stock after selling 7,716 shares during the period. Duncker Streett & Co. Inc.’s holdings in Schlumberger were worth $29,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC grew its holdings in Schlumberger by 4.5% during the 1st quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 316 shares in the last quarter. Heritage Wealth Management Inc. Texas boosted its holdings in shares of Schlumberger by 2.2% in the 1st quarter. Heritage Wealth Management Inc. Texas now owns 14,736 shares of the oil and gas company’s stock valued at $616,000 after buying an additional 318 shares in the last quarter. Horizon Investments LLC grew its position in shares of Schlumberger by 1.5% in the 1st quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company’s stock worth $946,000 after buying an additional 330 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Schlumberger by 6.3% during the 1st quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock worth $236,000 after acquiring an additional 335 shares in the last quarter. Finally, Forza Wealth Management LLC raised its stake in shares of Schlumberger by 5.8% during the 1st quarter. Forza Wealth Management LLC now owns 6,374 shares of the oil and gas company’s stock worth $266,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

SLB opened at $32.55 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $44.97. The firm has a 50 day moving average of $34.49 and a two-hundred day moving average of $34.71. The firm has a market capitalization of $48.62 billion, a PE ratio of 11.15, a P/E/G ratio of 9.06 and a beta of 0.97.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data 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 net margin of 11.53% and a return on equity of 20.99%. The business had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same period in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Insider Buying and Selling

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of Schlumberger stock in a transaction that occurred 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 completion of the sale, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler reduced their price target on Schlumberger from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Schlumberger in a research report on Wednesday, October 8th. Melius Research assumed coverage on Schlumberger in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target on the stock. Jefferies Financial Group reduced their price target on Schlumberger from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Finally, Melius assumed coverage on shares of Schlumberger in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.06.

Schlumberger 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.