XTX Topco Ltd Has $569,000 Position in Schlumberger Limited (NYSE:SLB)

XTX Topco Ltd lessened its stake in shares of Schlumberger Limited (NYSE:SLB) by 66.8% during the second quarter, Holdings Channel reports. The fund owned 12,056 shares of the oil and gas company’s stock after selling 24,247 shares during the quarter. XTX Topco Ltd’s holdings in Schlumberger were worth $569,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new position in shares of Schlumberger during the 1st quarter valued at $27,000. Manchester Capital Management LLC raised its holdings in Schlumberger by 297.9% during the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after buying an additional 426 shares during the last quarter. Bruce G. Allen Investments LLC raised 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. Transcendent Capital Group LLC acquired a new position in Schlumberger during the fourth quarter worth $32,000. Finally, Unique Wealth Strategies LLC acquired a new position in Schlumberger during the second quarter worth $30,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 120,668 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 247,699 shares of the company’s stock, valued at $12,432,012.81. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Vijay Kasibhatla sold 10,000 shares of the stock in a transaction dated 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 directly owns 62,354 shares of the company’s stock, valued at $3,073,428.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mogharbel Khaled Al sold 120,668 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the completion of the sale, the executive vice president now directly owns 247,699 shares in the company, valued at $12,432,012.81. 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 currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SLB. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Schlumberger in a report on Monday, July 22nd. UBS Group lowered their price objective on shares of Schlumberger from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Evercore ISI upped their price objective on shares of Schlumberger from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Susquehanna reduced their target price on shares of Schlumberger from $77.00 to $70.00 and set a “positive” rating for the company in a research note on Thursday, July 11th. Finally, Piper Sandler reduced their target price on shares of Schlumberger from $71.00 to $66.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.29.

Schlumberger Price Performance

NYSE SLB opened at $42.90 on Tuesday. The company has a market cap of $61.32 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. Schlumberger Limited has a 52 week low of $38.66 and a 52 week high of $61.41. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $44.38 and its two-hundred day simple moving average is $47.31.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.08 billion. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. Research analysts predict that Schlumberger Limited will post 3.49 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is presently 36.54%.

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.