Schlumberger Limited (NYSE:SLB) Shares Acquired by Leo Wealth LLC

Leo Wealth LLC lifted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 15.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,652 shares of the oil and gas company’s stock after acquiring an additional 2,319 shares during the quarter. Leo Wealth LLC’s holdings in Schlumberger were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Financial Corp IN lifted its holdings in Schlumberger by 14.2% in the 1st quarter. First Financial Corp IN now owns 3,105 shares of the oil and gas company’s stock worth $170,000 after buying an additional 387 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Schlumberger by 5.6% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 13,944 shares of the oil and gas company’s stock worth $764,000 after buying an additional 745 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Schlumberger by 2.2% in the 1st quarter. Sunbelt Securities Inc. now owns 10,551 shares of the oil and gas company’s stock worth $578,000 after buying an additional 230 shares in the last quarter. Brookstone Capital Management acquired a new position in Schlumberger in the 1st quarter worth $1,758,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Schlumberger by 15.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 7,242 shares of the oil and gas company’s stock worth $397,000 after buying an additional 965 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 $41.94 on Wednesday. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $59.05. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The company has a market cap of $59.54 billion, a PE ratio of 13.48, a P/E/G ratio of 1.27 and a beta of 1.51. The firm has a 50-day simple moving average of $43.03 and a 200 day simple moving average of $45.78.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The firm had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Schlumberger’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts anticipate that Schlumberger Limited will post 3.44 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.62%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is 35.37%.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Susquehanna cut their target price on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research note on Monday. TD Cowen cut their target price on shares of Schlumberger from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Monday. Finally, Evercore ISI cut their target price on shares of Schlumberger from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.58.

About Schlumberger

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.