Diversified Trust Co Has $756,000 Stake in Schlumberger Limited (NYSE:SLB)

Diversified Trust Co trimmed its holdings in shares of Schlumberger Limited (NYSE:SLB) by 24.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,019 shares of the oil and gas company’s stock after selling 5,056 shares during the quarter. Diversified Trust Co’s holdings in Schlumberger were worth $756,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC increased its position in Schlumberger by 53.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,960 shares of the oil and gas company’s stock worth $102,000 after buying an additional 683 shares during the last quarter. National Bank of Canada FI increased its position in Schlumberger by 15.0% during the first quarter. National Bank of Canada FI now owns 396,382 shares of the oil and gas company’s stock worth $21,726,000 after buying an additional 51,637 shares during the last quarter. Mission Wealth Management LP acquired a new position in Schlumberger during the first quarter worth $245,000. Canada Pension Plan Investment Board grew its position in shares of Schlumberger by 9.0% in the first quarter. Canada Pension Plan Investment Board now owns 788,484 shares of the oil and gas company’s stock valued at $43,217,000 after purchasing an additional 64,974 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Schlumberger by 3.0% in the fourth quarter. Stifel Financial Corp now owns 1,746,441 shares of the oil and gas company’s stock valued at $90,885,000 after purchasing an additional 51,175 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Price Performance

Shares of NYSE:SLB traded up $0.11 during trading on Wednesday, reaching $43.88. The stock had a trading volume of 1,046,820 shares, compared to its average volume of 10,804,721. Schlumberger Limited has a 52 week low of $42.61 and a 52 week high of $62.12. The business’s 50-day moving average price is $46.06 and its 200 day moving average price is $48.55. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. The stock has a market capitalization of $62.30 billion, a PE ratio of 14.54, a P/E/G ratio of 0.93 and a beta of 1.55.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 19th. The oil and gas company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. Schlumberger’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts predict that Schlumberger Limited will post 3.49 earnings per share for the current year.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Wednesday, September 4th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Insider Activity

In related news, EVP Mogharbel Khaled Al sold 120,668 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $50.19, for a total value of $6,056,326.92. Following the completion of the transaction, the executive vice president now owns 247,699 shares in the company, valued at approximately $12,432,012.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mogharbel Khaled Al sold 120,668 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $50.19, for a total value of $6,056,326.92. Following the completion of the transaction, the executive vice president now owns 247,699 shares in the company, valued at approximately $12,432,012.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $49.29, for a total transaction of $492,900.00. Following the completion of the transaction, the director now owns 62,354 shares of the company’s stock, valued at approximately $3,073,428.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,779 shares of company stock worth $11,103,553. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a research report on Monday, July 22nd. Citigroup lowered their price target on Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. StockNews.com downgraded Schlumberger from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. TD Cowen raised their price target on Schlumberger from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company downgraded Schlumberger from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $68.00 to $53.00 in a research report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus price target of $67.56.

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.