Schlumberger Limited $SLB Shares Bought by Palogic Value Management L.P.

Palogic Value Management L.P. raised its holdings in Schlumberger Limited (NYSE:SLB) by 9.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 36,597 shares of the oil and gas company’s stock after acquiring an additional 3,155 shares during the period. Palogic Value Management L.P.’s holdings in Schlumberger were worth $1,530,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SLB. Vident Advisory LLC increased its stake in shares of Schlumberger by 1.0% in the fourth 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 during the period. Glen Eagle Advisors LLC increased its stake in shares of Schlumberger by 3.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 7,843 shares of the oil and gas company’s stock valued at $301,000 after acquiring an additional 282 shares during the period. EntryPoint Capital LLC increased its stake in shares of Schlumberger by 4.5% during the first quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 316 shares during the period. Heritage Wealth Management Inc. Texas increased its stake in shares of Schlumberger by 2.2% during 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 acquiring an additional 318 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of Schlumberger by 1.5% during the first quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company’s stock valued at $946,000 after acquiring an additional 330 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Trading Down 0.2%

Shares of NYSE:SLB opened at $35.77 on Tuesday. The stock has a market capitalization of $48.33 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 9.94 and a beta of 1.05. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $46.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.31. The company has a 50 day moving average price of $34.79 and a 200 day moving average price of $35.86.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. Schlumberger’s dividend payout ratio (DPR) is currently 39.04%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Melius assumed coverage on shares of Schlumberger in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Schlumberger from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. UBS Group lowered their price objective on shares of Schlumberger from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Stifel Nicolaus lowered their price objective on shares of Schlumberger from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Finally, Jefferies Financial Group reduced their target price on shares of Schlumberger from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.86.

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.