Compass Ion Advisors LLC Sells 369 Shares of Schlumberger Limited (NYSE:SLB)

Compass Ion Advisors LLC trimmed its stake in Schlumberger Limited (NYSE:SLB) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,676 shares of the oil and gas company’s stock after selling 369 shares during the period. Compass Ion Advisors LLC’s holdings in Schlumberger were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Schlumberger in the fourth quarter worth approximately $26,000. Register Financial Advisors LLC purchased a new position in Schlumberger during the 1st quarter worth $27,000. Transcendent Capital Group LLC purchased a new position in Schlumberger during the 4th quarter worth $32,000. Janiczek Wealth Management LLC increased its holdings in Schlumberger by 1,180.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 602 shares during the period. Finally, Pinnacle Bancorp Inc. increased its holdings in Schlumberger by 64.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 292 shares during the period. 81.99% of the stock is owned by institutional investors.

Schlumberger Stock Down 1.3 %

Schlumberger stock opened at $46.58 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. The stock has a market capitalization of $66.58 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.91 and a beta of 1.55. Schlumberger Limited has a 1-year low of $42.61 and a 1-year high of $62.12. The business has a fifty day moving average price of $46.69 and a 200-day moving average price of $49.61.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. Equities research analysts forecast that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 dividend on an annualized basis and a yield of 2.36%. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s payout ratio is currently 36.54%.

Insiders Place Their Bets

In other Schlumberger news, insider Bejar Carmen Rando sold 4,980 shares of Schlumberger stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.43, for a total transaction of $216,281.40. Following the completion of the sale, the insider now owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Schlumberger news, insider Gavin Rennick sold 38,083 shares of Schlumberger stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the completion of the transaction, the insider now owns 45,851 shares in the company, valued at approximately $2,213,686.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bejar Carmen Rando sold 4,980 shares of Schlumberger stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.43, for a total value of $216,281.40. Following the completion of the transaction, the insider now owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,158 shares of company stock valued at $5,099,893. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Susquehanna restated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Stifel Nicolaus restated a “buy” rating and set a $64.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Barclays reduced their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. HSBC restated a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a report on Thursday, April 4th. Finally, TD Cowen cut their price target on Schlumberger from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.59.

Schlumberger Company 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.