Autus Asset Management LLC Has $330,000 Holdings in Schlumberger Limited (NYSE:SLB)

Autus Asset Management LLC decreased its position in Schlumberger Limited (NYSE:SLBGet Rating) by 31.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,995 shares of the oil and gas company’s stock after selling 3,742 shares during the period. Autus Asset Management LLC’s holdings in Schlumberger were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Equitec Proprietary Markets LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth approximately $25,000. Old North State Trust LLC lifted its position in Schlumberger by 91.4% in the 4th quarter. Old North State Trust LLC now owns 911 shares of the oil and gas company’s stock worth $27,000 after buying an additional 435 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in shares of Schlumberger by 51.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 893 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 302 shares during the period. Kozak & Associates Inc. purchased a new position in shares of Schlumberger during the 3rd quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC purchased a new stake in shares of Schlumberger during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

In other news, Director Vijay Kasibhatla sold 20,000 shares of the firm’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $43.32, for a total value of $866,400.00. Following the completion of the sale, the director now directly owns 46,529 shares in the company, valued at $2,015,636.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Claudia Jaramillo sold 11,628 shares of Schlumberger stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $43.00, for a total value of $500,004.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,579,087 shares of company stock valued at $431,340,525 in the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. Morgan Stanley upped their target price on Schlumberger from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 11th. Wells Fargo & Company cut their price objective on shares of Schlumberger from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Cowen boosted their target price on shares of Schlumberger from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 31st. Piper Sandler upgraded shares of Schlumberger from a “neutral” rating to an “overweight” rating and raised their price target for the company from $43.00 to $55.00 in a report on Monday, April 11th. Finally, StockNews.com cut shares of Schlumberger from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.85.

SLB opened at $37.52 on Thursday. Schlumberger Limited has a fifty-two week low of $25.90 and a fifty-two week high of $49.83. The company has a market capitalization of $53.03 billion, a P/E ratio of 25.52, a P/E/G ratio of 0.43 and a beta of 1.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.24 and a quick ratio of 0.89. The firm’s fifty day moving average price is $42.51 and its two-hundred day moving average price is $39.20.

Schlumberger (NYSE:SLBGet Rating) last posted its quarterly earnings results on Friday, April 22nd. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.90 billion. Schlumberger had a net margin of 8.84% and a return on equity of 14.02%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, equities research analysts expect that Schlumberger Limited will post 1.84 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Wednesday, June 1st will be issued a $0.175 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.70 annualized dividend and a dividend yield of 1.87%. Schlumberger’s dividend payout ratio is presently 47.62%.

Schlumberger Company Profile (Get Rating)

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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