WD Rutherford LLC Buys 2,930 Shares of Schlumberger Limited (NYSE:SLB)

WD Rutherford LLC grew its stake in Schlumberger Limited (NYSE:SLB) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,415 shares of the oil and gas company’s stock after acquiring an additional 2,930 shares during the period. WD Rutherford LLC’s holdings in Schlumberger were worth $735,000 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. O Shaughnessy Asset Management LLC raised its stake in shares of Schlumberger by 25.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 98,762 shares of the oil and gas company’s stock worth $5,758,000 after buying an additional 19,909 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Schlumberger during the third quarter worth approximately $273,000. Synovus Financial Corp raised its stake in shares of Schlumberger by 1.5% during the third quarter. Synovus Financial Corp now owns 74,336 shares of the oil and gas company’s stock worth $4,334,000 after buying an additional 1,067 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Schlumberger by 5.8% during the third quarter. Tower Research Capital LLC TRC now owns 65,930 shares of the oil and gas company’s stock worth $3,844,000 after buying an additional 3,602 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Schlumberger during the third quarter worth approximately $370,000. 81.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SLB. Wells Fargo & Company downgraded shares of Schlumberger from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $68.00 to $53.00 in a research note on Monday, April 29th. BMO Capital Markets decreased their price objective on shares of Schlumberger from $66.00 to $64.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. HSBC restated a “buy” rating and set a $71.00 price objective on shares of Schlumberger in a report on Thursday, April 4th. Benchmark restated a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a report on Tuesday. Finally, Barclays decreased their price objective on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.59.

Insiders Place Their Bets

In other Schlumberger news, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the sale, the insider now directly owns 45,851 shares of the company’s stock, valued at $2,213,686.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Schlumberger news, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the sale, the insider now directly owns 45,851 shares of the company’s stock, valued at $2,213,686.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Demosthenis Pafitis sold 63,095 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the sale, the chief technology officer now directly owns 33,421 shares in the company, valued at $1,612,897.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,158 shares of company stock valued at $5,099,893. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Stock Up 0.4 %

Shares of SLB stock traded up $0.17 during trading on Friday, reaching $47.18. The company’s stock had a trading volume of 14,139,873 shares, compared to its average volume of 14,274,646. The business has a fifty day moving average price of $46.69 and a 200-day moving average price of $49.60. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market cap of $67.44 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57. Schlumberger Limited has a one year low of $42.61 and a one year high of $62.12.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Analysts anticipate that Schlumberger Limited will post 3.51 earnings per share for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s payout ratio is currently 36.54%.

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.