Goelzer Investment Management Inc. Purchases 1,111 Shares of Schlumberger Limited (NYSE:SLB)

Goelzer Investment Management Inc. lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 1.4% in the first quarter, HoldingsChannel.com reports. The fund owned 80,262 shares of the oil and gas company’s stock after buying an additional 1,111 shares during the period. Goelzer Investment Management Inc.’s holdings in Schlumberger were worth $3,355,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SLB. Vident Advisory LLC boosted its holdings in shares of Schlumberger by 1.0% in the 4th quarter. Vident Advisory LLC now owns 27,838 shares of the oil and gas company’s stock valued at $1,067,000 after purchasing an additional 273 shares in the last quarter. Glen Eagle Advisors LLC lifted its position in shares of Schlumberger by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company’s stock worth $301,000 after buying an additional 282 shares during the last quarter. Heritage Wealth Management Inc. Texas boosted its stake in Schlumberger by 2.2% in the first 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. Wahed Invest LLC grew its position in Schlumberger by 0.9% in the fourth quarter. Wahed Invest LLC now owns 35,022 shares of the oil and gas company’s stock valued at $1,343,000 after acquiring an additional 319 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Schlumberger by 1.0% during the fourth quarter. TD Private Client Wealth LLC now owns 31,832 shares of the oil and gas company’s stock worth $1,220,000 after acquiring an additional 322 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE SLB opened at $35.63 on Friday. The company has a market capitalization of $48.46 billion, a PE ratio of 12.08, a P/E/G ratio of 9.40 and a beta of 1.01. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The firm has a fifty day simple moving average of $34.51 and a 200 day simple moving average of $37.69.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Announces Dividend

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

Insider Transactions at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the firm’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 transaction of $167,900.00. Following the completion of the sale, the director owned 23,525 shares of the company’s stock, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SLB. Morgan Stanley reduced their price target on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Susquehanna cut their target price on shares of Schlumberger from $46.00 to $44.00 and set a “positive” rating on the stock in a research report on Tuesday. Stifel Nicolaus lowered their price target on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, April 28th. Piper Sandler dropped their price target on Schlumberger from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Finally, UBS Group boosted their price objective on Schlumberger from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.85.

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.