Intellectus Partners LLC Has $349,000 Stake in Schlumberger Limited (NYSE:SLB)

Intellectus Partners LLC increased its position in shares of Schlumberger Limited (NYSE:SLB) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,288 shares of the oil and gas company’s stock after purchasing an additional 2,411 shares during the period. Intellectus Partners LLC’s holdings in Schlumberger were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Schlumberger by 32.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company’s stock worth $2,737,000 after buying an additional 17,405 shares in the last quarter. Geode Capital Management LLC raised its stake in Schlumberger by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company’s stock worth $1,146,195,000 after purchasing an additional 1,377,134 shares in the last quarter. Bryn Mawr Capital Management LLC boosted its holdings in Schlumberger by 502.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company’s stock valued at $7,592,000 after purchasing an additional 165,162 shares during the period. Miller Financial Services LLC acquired a new position in shares of Schlumberger during the 4th quarter worth approximately $375,000. Finally, Ilmarinen Mutual Pension Insurance Co increased its holdings in shares of Schlumberger by 40.4% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 220,685 shares of the oil and gas company’s stock worth $8,461,000 after purchasing an additional 63,500 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Insider Activity

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. The trade was a 44.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director La Chevardiere Patrick De sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the completion of the transaction, the director now directly owns 23,525 shares in the company, valued at approximately $789,969.50. This trade represents a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Schlumberger Trading Up 2.4%

Shares of NYSE SLB opened at $33.87 on Friday. The firm has a 50 day moving average price of $34.44 and a two-hundred day moving average price of $38.67. The stock has a market cap of $46.07 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Schlumberger’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.37%. Schlumberger’s dividend payout ratio (DPR) is currently 38.64%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SLB. Wells Fargo & Company dropped their price target on shares of Schlumberger from $46.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday. Susquehanna dropped their price objective on Schlumberger from $48.00 to $46.00 and set a “positive” rating for the company in a report on Monday, April 28th. Piper Sandler reduced their target price on Schlumberger from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley decreased their price target on Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Finally, Barclays cut their price objective on shares of Schlumberger from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.38.

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.