RiverGlades Family Offices LLC Buys 1,000 Shares of Schlumberger Limited (NYSE:SLB)

RiverGlades Family Offices LLC raised its stake in shares of Schlumberger Limited (NYSE:SLB) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the oil and gas company’s stock after acquiring an additional 1,000 shares during the period. RiverGlades Family Offices LLC’s holdings in Schlumberger were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Register Financial Advisors LLC bought a new position in Schlumberger in the 1st quarter valued at $27,000. Bruce G. Allen Investments LLC increased its holdings in Schlumberger by 204.2% during the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock worth $28,000 after buying an additional 392 shares during the last quarter. Unique Wealth Strategies LLC bought a new stake in Schlumberger in the second quarter worth about $30,000. Manchester Capital Management LLC boosted its stake in Schlumberger by 297.9% in the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 426 shares during the last quarter. Finally, Riverview Trust Co grew its position in shares of Schlumberger by 90.6% during the 2nd quarter. Riverview Trust Co now owns 648 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 308 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Trading Down 0.8 %

Shares of SLB opened at $42.41 on Friday. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $61.41. The firm has a market cap of $60.22 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.86 and a beta of 1.51. The firm has a 50 day moving average price of $44.48 and a 200-day moving average price of $47.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.49.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, July 19th. The oil and gas company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.08 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. Schlumberger’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, equities research analysts forecast 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 issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, September 4th. Schlumberger’s dividend payout ratio is 36.54%.

Insider Buying and Selling

In other Schlumberger news, Director Vijay Kasibhatla sold 10,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the sale, the director now owns 62,354 shares of the company’s stock, valued at approximately $3,073,428.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Schlumberger news, CFO Stephane Biguet sold 50,048 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $49.94, for a total value of $2,499,397.12. Following the completion of the sale, the chief financial officer now owns 203,076 shares in the company, valued at approximately $10,141,615.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the transaction, the director now directly owns 62,354 shares in the company, valued at $3,073,428.66. The disclosure for this sale can be found here. Insiders have sold a total of 180,716 shares of company stock valued at $9,048,624 over the last three months. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on SLB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 target price on shares of Schlumberger in a research report on Monday, July 22nd. Citigroup lowered their price objective on Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Barclays reduced their target price on shares of Schlumberger from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Benchmark restated a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research note on Monday, July 22nd. Finally, UBS Group reduced their price objective on shares of Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.29.

Schlumberger 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.