Goehring & Rozencwajg Associates LLC Buys 21,600 Shares of Schlumberger Limited (NYSE:SLB)

Goehring & Rozencwajg Associates LLC grew its stake in Schlumberger Limited (NYSE:SLB) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,111 shares of the oil and gas company’s stock after acquiring an additional 21,600 shares during the period. Schlumberger accounts for about 1.7% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 23rd biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Schlumberger were worth $8,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SLB. Gryphon Financial Partners LLC raised its stake in shares of Schlumberger by 46.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,538 shares of the oil and gas company’s stock worth $340,000 after acquiring an additional 2,068 shares during the last quarter. Financial Advocates Investment Management raised its stake in shares of Schlumberger by 25.5% in the fourth quarter. Financial Advocates Investment Management now owns 6,190 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 1,259 shares during the last quarter. Gladstone Institutional Advisory LLC raised its stake in shares of Schlumberger by 42.8% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 8,570 shares of the oil and gas company’s stock worth $446,000 after acquiring an additional 2,570 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Schlumberger by 3.0% in the fourth quarter. Clearbridge Investments LLC now owns 638,472 shares of the oil and gas company’s stock worth $33,226,000 after acquiring an additional 18,342 shares during the last quarter. Finally, Sachetta LLC bought a new stake in shares of Schlumberger during the fourth quarter worth approximately $63,000. 81.99% of the stock is owned by institutional investors.

Insider Activity at Schlumberger

In related news, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $12,432,012.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.29, for a total transaction of $492,900.00. Following the transaction, the director now directly owns 62,354 shares in the company, valued at approximately $3,073,428.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the completion of the sale, the executive vice president now owns 247,699 shares of the company’s stock, valued at $12,432,012.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,716 shares of company stock valued at $9,048,624. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Stock Down 0.2 %

Shares of SLB stock opened at $41.44 on Thursday. The firm has a fifty day moving average of $44.63 and a 200-day moving average of $47.48. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. Schlumberger Limited has a 12-month low of $38.66 and a 12-month high of $61.70. The company has a market capitalization of $59.22 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 0.85 and a beta of 1.52.

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

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Wednesday, September 4th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SLB shares. Barclays cut their price objective on shares of Schlumberger from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. Morgan Stanley cut their price objective on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday. Dbs Bank started coverage on shares of Schlumberger in a report on Wednesday. They issued a “buy” rating and a $64.50 price objective on the stock. Evercore ISI increased their price objective on shares of Schlumberger from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Finally, Citigroup cut their price objective on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average price target of $66.29.

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.