Godsey & Gibb Inc. Raises Stock Holdings in Schlumberger Limited (NYSE:SLB)

Godsey & Gibb Inc. boosted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,957 shares of the oil and gas company’s stock after purchasing an additional 10,622 shares during the quarter. Godsey & Gibb Inc.’s holdings in Schlumberger were worth $18,808,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd lifted its position in shares of Schlumberger by 32.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company’s stock valued at $2,737,000 after acquiring an additional 17,405 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Schlumberger by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company’s stock valued at $1,146,195,000 after acquiring an additional 1,377,134 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its position in shares of Schlumberger by 502.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company’s stock valued at $7,592,000 after acquiring an additional 165,162 shares in the last quarter. Miller Financial Services LLC purchased a new position in shares of Schlumberger in the fourth quarter valued at approximately $375,000. Finally, Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Schlumberger by 40.4% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 220,685 shares of the oil and gas company’s stock valued at $8,461,000 after acquiring an additional 63,500 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling

In related news, insider Aparna Raman sold 25,133 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares of the company’s stock, valued at $1,311,990.68. The trade was a 44.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director La Chevardiere Patrick De sold 5,000 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the director now directly owns 23,525 shares of the company’s stock, valued at $789,969.50. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Susquehanna decreased their target price on Schlumberger from $48.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday, April 28th. Piper Sandler decreased their target price on Schlumberger from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Barclays reduced their price objective on Schlumberger from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company reduced their price objective on Schlumberger from $46.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley reduced their price objective on Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.38.

Schlumberger Price Performance

SLB stock opened at $33.87 on Friday. The business has a fifty day moving average of $34.44 and a two-hundred day moving average of $38.67. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a market cap of $46.07 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the business earned $0.75 EPS. Schlumberger’s revenue was down 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.37%. Schlumberger’s payout ratio is 38.64%.

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.