Natixis Advisors LLC Buys 161,774 Shares of Schlumberger Limited (NYSE:SLB)

Natixis Advisors LLC increased its stake in shares of Schlumberger Limited (NYSE:SLB) by 35.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 616,767 shares of the oil and gas company’s stock after purchasing an additional 161,774 shares during the quarter. Natixis Advisors LLC’s holdings in Schlumberger were worth $25,781,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Schlumberger by 32.2% in the 4th 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 purchasing an additional 17,405 shares during the period. Scharf Investments LLC boosted its holdings in Schlumberger by 20.5% during the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company’s stock worth $69,133,000 after buying an additional 281,773 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of Schlumberger by 810.4% during the 1st quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company’s stock worth $3,142,000 after buying an additional 66,907 shares during the period. Alan B Lancz & Associates Inc. acquired a new position in shares of Schlumberger during the 1st quarter worth about $308,000. Finally, Stratos Investment Management LLC raised its position in shares of Schlumberger by 236.0% in the 1st quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company’s stock valued at $6,141,000 after acquiring an additional 103,182 shares during the period. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SLB. JPMorgan Chase & Co. reduced their price target on shares of Schlumberger from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Piper Sandler dropped their price target on Schlumberger from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Stifel Nicolaus decreased their price objective on Schlumberger from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Morgan Stanley lowered their price objective on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Finally, Barclays reduced their target price on shares of Schlumberger from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Schlumberger currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.28.

Insider Activity at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the sale, the director owned 23,525 shares of the company’s stock, valued at approximately $789,969.50. This represents a 17.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE SLB opened at $33.04 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The company has a market cap of $44.65 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 9.38 and a beta of 1.03. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $46.16. The business’s 50 day moving average price is $34.78 and its two-hundred day moving average price is $37.24.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be given a $0.285 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.5%. Schlumberger’s payout ratio is presently 39.04%.

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.