Fort Washington Investment Advisors Inc. OH Has $25.01 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 0.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 598,272 shares of the oil and gas company’s stock after purchasing an additional 321 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Schlumberger were worth $25,008,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new stake in shares of Schlumberger during the 4th quarter worth approximately $32,000. True Wealth Design LLC grew its holdings in Schlumberger by 584.7% in the fourth quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 842 shares during the period. Bogart Wealth LLC grew its holdings in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 844 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Schlumberger in the fourth quarter valued at $40,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Schlumberger during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In related news, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger 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. The trade was a 17.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the transaction, the insider now owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus decreased their target price on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Morgan Stanley decreased their price objective on Schlumberger from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, May 16th. Piper Sandler cut 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. Wells Fargo & Company reduced 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, June 5th. Finally, Jefferies Financial Group decreased their price target on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.38.

Schlumberger Stock Down 0.2%

Schlumberger stock opened at $35.62 on Friday. The firm has a 50 day moving average price of $34.27 and a 200-day moving average price of $38.43. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The company has a market capitalization of $48.45 billion, a P/E ratio of 11.45, a P/E/G ratio of 10.10 and a beta of 1.01.

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

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is currently 38.64%.

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.