Clarius Group LLC Sells 478 Shares of Schlumberger Limited $SLB

Clarius Group LLC cut its holdings in Schlumberger Limited (NYSE:SLB) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,254 shares of the oil and gas company’s stock after selling 478 shares during the quarter. Clarius Group LLC’s holdings in Schlumberger were worth $414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in Schlumberger in the first quarter valued at approximately $169,232,000. Scharf Investments LLC boosted its stake in Schlumberger by 20.5% in the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company’s stock valued at $69,133,000 after acquiring an additional 281,773 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Schlumberger by 810.4% in the first quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company’s stock valued at $3,142,000 after acquiring an additional 66,907 shares during the last quarter. Alan B Lancz & Associates Inc. bought a new position in shares of Schlumberger during the first quarter worth $308,000. Finally, Stratos Investment Management LLC boosted its position in shares of Schlumberger by 236.0% during the first quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company’s stock worth $6,141,000 after purchasing an additional 103,182 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares in the company, valued at $7,295,412.08. The trade was a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SLB. Atb Cap Markets raised shares of Schlumberger from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. UBS Group reduced their price target on shares of Schlumberger from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Melius began coverage on shares of Schlumberger in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target on the stock. Zacks Research raised shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Stifel Nicolaus reduced their price target on shares of Schlumberger from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.18.

Schlumberger Trading Up 1.0%

Shares of NYSE:SLB opened at $34.59 on Tuesday. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $46.15. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $34.60 and its 200 day simple moving average is $35.06. The firm has a market cap of $51.66 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 9.51 and a beta of 0.97.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The business had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, research analysts forecast 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. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. Schlumberger’s payout ratio is currently 39.04%.

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.