Carolinas Wealth Consulting LLC Has $84,000 Holdings in Schlumberger Limited (NYSE:SLB)

Carolinas Wealth Consulting LLC lifted its stake in shares of Schlumberger Limited (NYSE:SLB) by 19.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,783 shares of the oil and gas company’s stock after buying an additional 296 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Schlumberger were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SLB. Register Financial Advisors LLC bought a new stake in Schlumberger in the first quarter valued at $27,000. Bruce G. Allen Investments LLC increased its position in Schlumberger by 204.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 392 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in Schlumberger during the 2nd quarter worth approximately $30,000. Manchester Capital Management LLC boosted its holdings 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 worth $31,000 after acquiring an additional 426 shares in the last quarter. Finally, Riverview Trust Co grew its stake in Schlumberger by 90.6% in the second 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. Institutional investors own 81.99% of the company’s stock.

Schlumberger Trading Up 3.2 %

NYSE SLB opened at $42.76 on Friday. The stock has a market capitalization of $60.71 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.86 and a beta of 1.51. The business’s fifty day moving average is $44.56 and its 200-day moving average is $47.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. Schlumberger Limited has a one year low of $38.66 and a one year high of $61.41.

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. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $9.08 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts predict that Schlumberger Limited will post 3.49 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders 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 2.57%. The ex-dividend date is Wednesday, September 4th. Schlumberger’s dividend payout ratio is currently 36.54%.

Insider Buying and Selling at Schlumberger

In related news, CFO Stephane Biguet sold 50,048 shares of Schlumberger stock in a transaction dated 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 of the company’s stock, valued at approximately $10,141,615.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction that occurred 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 directly owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephane Biguet sold 50,048 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $49.94, for a total transaction of $2,499,397.12. Following the sale, the chief financial officer now directly owns 203,076 shares in the company, valued at approximately $10,141,615.44. The disclosure for this sale can be found here. Insiders have sold a total of 180,716 shares of company stock worth $9,048,624 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Schlumberger in a report on Monday, July 22nd. StockNews.com cut shares of Schlumberger from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Barclays lowered their target price 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. Benchmark reiterated a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research note on Monday, July 22nd. Finally, Morgan Stanley decreased their price objective on Schlumberger from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.